Saab AB is a global player within military defence and commercial aeronautics & civil security. The Company’s product portfolio includes the Gripen fighter aircraft, weapon systems, radar & sensor systems and security solutions. Saab was previously part of the national Swedish defence, and today the Swedish state still remains the most important customer, especially as a development partner and reference customer. Other customers include the British army, Thailand, Brazil, etc. Saab’s business model involves great Research & Development (R&D) spending based on advanced technology. Historically R&D has comprised ~20% of sales and herein is the risk of successful execution of R&D vs. its peers. Military spending is primarily driven by global conflicts and is determined by global defence budgets in the long run.