Stock Markets June 29, 2026 09:47 AM

Saab awarded SEK 47 billion contract to deliver three A26 submarines to Poland

Deal covers weapons, training and long-term support with final deliveries set for 2038

By Leila Farooq
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Saab has signed a contract with Poland’s State Treasury Armaments Agency to supply three A26-class submarines in a deal valued at roughly SEK 47 billion ($4.3 billion). The package includes weapons, training and support services. Saab will set up maintenance, repair and overhaul capabilities in Poland in partnership with local industry, and Poland will operate the Swedish submarine HMS Södermanland as a temporary solution under a separate agreement.

Saab awarded SEK 47 billion contract to deliver three A26 submarines to Poland
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Key Points

  • Saab signed a contract with Poland’s State Treasury Armaments Agency for three A26 submarines valued at about SEK 47 billion ($4.3 billion).
  • The order includes a weapon package plus training and support services; final deliveries are scheduled for 2038.
  • Saab will establish maintenance, repair and overhaul capabilities in Poland with Polish industry to support operations and strategic autonomy; Poland will also operate HMS Södermanland as a gap filler under a separate Sweden-Poland agreement.

Saab confirmed on Monday that it has inked a contract with Poland’s State Treasury Armaments Agency to supply three A26-type submarines, a deal the company says is worth about SEK 47 billion, equivalent to approximately $4.3 billion. The order encompasses a weapon package along with training and ongoing support services, and Saab said final deliveries are currently scheduled to conclude in 2038.

The A26 is built for operations in the Baltic Sea and is engineered to minimise acoustic signature so it can operate in near silence while avoiding detection. Saab described the platform as a contributor to naval Multi Domain Operations through its freedom of movement, stealth and intelligence, surveillance and reconnaissance capabilities.

"We are deeply honoured that Poland has chosen Saab’s submarines to bolster its defence capabilities and strengthen the strategic partnership between our two nations," said Micael Johansson, President and CEO of Saab. "The three A26 submarines meet Poland’s current and future defence requirements and will play a pivotal role in enhancing security in the Baltic Sea region."

To support the programme and the Polish Navy’s operation of the submarines, Saab will establish maintenance, repair and overhaul (MRO) capabilities in Poland in collaboration with Polish industry. Saab framed that initiative as supporting Poland’s strategic autonomy by building local sustainment capacity.

Separately, Poland will operate the Swedish submarine HMS Södermanland as a gap filler under a distinct agreement between Poland and Sweden, according to the announcement.

The contract, as described by Saab, covers procurement of the submarines themselves plus an integrated package of weapons, training for crews and ongoing support services. Final delivery timing extends to 2038, reflecting the long-term nature of the programme and the timelines typical for submarine acquisition and commissioning.


Contextual note

The announcement focuses on the procurement, operational roles and sustainment arrangements tied to the three A26 submarines and on the interim arrangement for HMS Södermanland. No additional financial, timetable or industrial implementation details were provided beyond those in the contract statement.

Risks

  • Extended delivery timeline through 2038 means the full force projection from the three submarines will not be available in the near term - this affects defence readiness and procurement planning.
  • Implementation of maintenance, repair and overhaul capabilities in Poland relies on collaboration with Polish industry, introducing execution and industrial integration uncertainties for the shipbuilding and defence supply sectors.
  • Use of HMS Södermanland as a gap filler is governed by a separate agreement and therefore does not substitute for the long-term capability timeline covered by the Saab contract.

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