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Saab Wins $183 Million Swedish Order For Development And Production Of New Torpedo System

Monday, May 23rd, 2016

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Saab Wins $183 Million Swedish Order For Development And Production Of New Torpedo System

Saab's New Lightweight Torpedo system. Artist's concept: Saab.

Sweden's Defence Material Administration (FMV) awarded Saab AB an order worth $183 million for the development and production of the New Lightweight Torpedo system.The order is under the terms of a Letter of Intent (LoI) between Saab and the FMV first announced on June 9, 2014. The LoI supports Sweden's armed forced underwater capabilities for the 2015-2024 capabilities. The newest order connects the previous orders from FMV announced in July 2014 and February 2015 for the New Lightweight Torpedo.Deliveries for…

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