Saab bags Swedish torpedo order
Saab has been awarded an order from the Swedish Defence Material Administration (FMV) to develop and produce a New Lightweight Torpedo system, it announced on 20 May.
The approximately $183.63 million order will see deliveries take place in 2016-2024, under the terms of the Saab-FMV Letter of Intent announced in June 2014. The letter supports the underwater capabilities of the Swedish armed forces for 2015-2024.
The order connects to previous orders awarded for the New Lightweight Torpedo, awarded in July 2014 and February 2015.
Görgen Johansson, head of Saab Dynamics business area, said: 'We are proud to have the continued confidence to deliver a new torpedo weapon system to FMV and the Swedish Navy. Where by this the replacement for Torpedo 45 begins.
'Many of Saabs underwater systems are world leading in its segments and with this order we are strengthening our position further.'
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