Swedish company comes in from cold as investors return to defense

One of the players reconsidering its defense investments is Swedbank Robur, Sweden’s largest fund manager. 
The new E version of the Swedish JAS 39 Gripen multi role fighter being rolled out at SAAB in Linkoping, Sweden. | Photo: Anders Wiklund/AP/Ritzau Scanpix
The new E version of the Swedish JAS 39 Gripen multi role fighter being rolled out at SAAB in Linkoping, Sweden. | Photo: Anders Wiklund/AP/Ritzau Scanpix
By Christopher Jungstedt / Bloomberg

At the start of 2022, Saab AB was struggling to attract investors. Its automotive unit long gone, the Swedish maker of Gripen fighter jets found itself shunned by fund managers wary of backing companies that profit from selling weapons.

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