Saab, the Swedish defense material maker, exceeded second-quarter earnings forecasts and increased its guidance due to strong European military spending. Operating earnings rose to 1.98 billion Swedish crowns, beating expectations. Sales are expected to grow 16% to 20% this year, with operating profit rising even faster. Saab’s stock rose 6% on the news.

Read more at Yahoo Finance: Defence group Saab beats profit forecast, raises 2025 outlook