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.'
More from Naval Warfare
-
![UK and US marines train to guard nuclear deterrent submarines]()
UK and US marines train to guard nuclear deterrent submarines
The Autumn round of Tartan Eagle training just concluded in Scotland.
-
![Saab and Singapore DSTA expand their understanding on undersea defence]()
Saab and Singapore DSTA expand their understanding on undersea defence
The organisations have broadened the remit of an existing MoU to help boost underwater defence innovation.
-
![Navigating change: How market trends are shaping the future of naval defence (analysis)]()
Navigating change: How market trends are shaping the future of naval defence (analysis)
As defence markets shift to meet new demands, the naval sector has found itself at the centre of a transformative wave, driven by geopolitical shifts, the need for rapid technological advancement, and a redefined approach to maritime power projection.
-
![Fincantieri signs R&D and training agreement with Pakistan Navy]()
Fincantieri signs R&D and training agreement with Pakistan Navy
A Memorandum of Understanding signed during an event in Karachi between the Italian shipbuilder and the Pakistan Navy covered naval training, research and development, and project-based collaboration.
