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Swedish businesses lead BAE Systems growth

Bofors and Hägglunds grew nearly 30 percent, although orders declined in the wider segment containing the two companies
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BAE Systems’ Swedish businesses Bofors and Hägglunds grew by nearly 30 percent in the first half of 2026, driven by European demand for combat vehicles.

That is according to the British defence group’s newly published half-year report. The Swedish growth helped the Platforms & Services division outpace the wider group, although both order intake and backlog declined in the segment.

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