Europe might be increasing its defense spending, but it's moving too slowly to be ready for Russia, says Saab CEO

Europe might be increasing its defense spending, but it's moving too slowly to be ready for Russia, says Saab CEO

Saab produces the Gripen E, its latest version of its jet fighter that's made to fight Russia.SaabSaab CEO Micael Johansson is worried that the European process will drag its defense build-up.He told BI that, as an example, Sweden's spending hike could take years to become contract orders.European leaders have been warning that they only have four years to deter a serious Russian threat.Saab's CEO Micael Johansson said that while Europe's leader…