-+ 0.00%
-+ 0.00%
-+ 0.00%

Saab, Canada Sign Term Sheet Deal for GlobalEye Aircraft Acquisition

MT Newswires·09/25/2026 10:26:20
Listen to the news
10:26 AM EDT, 09/25/2026 (MT Newswires) -- Saab (SAAB-B.ST) entered into a nonbinding term sheet agreement with Canada's Defence Investment Agency for the country's planned acquisition of the company's GlobalEye airborne early warning and control system. Canada intends to acquire six GlobalEye aircraft for the Royal Canadian Air Force, including associated systems, training and support, according to a Friday release from the Swedish defense and security company. The agreement outlines the scope and foundation for detailed talks, which will focus on system configuration based on Canada's operational needs, as well as industrial participation, capability development and program execution.