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Event Brief

Ukraine war flips Sweden’s Hagglunds fortunes from layoffs to billions

The Ukraine war has boosted Sweden’s Hagglunds, turning layoffs into major growth.
WHO: Hagglunds
WHAT: Hagglunds’ fortunes rise due to demand linked to the Ukraine war
WHEN: Apr 29, 2026 at 5:33 AM ET
WHERE: Ornskoldsvik, Sweden
WHY: The war in Ukraine increased demand for armored vehicles and defense production.
Sources (1): Straits Times

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