Bloomberg said Saab AB, the Swedish maker of Gripen fighter jets, cut its profitability forecast for 2013 as shrinking defense markets prevent sales growth.

“We had anticipated that the budget uncertainty in the U.S. should be solved in the first four months,” Chief Executive Officer Håkan Buskhe said in an interview. “Now we can see that it may go on for some more years.” In 2012, “we grew our U.S. business around 6 percent to 8 percent, and there is no reason over time that is not coming back.”