Saab has won SEK 175 million($20.8 million) orders from the Swedish Defence Materiel Administration (FMV) for continued development of the New Lightweight Torpedo and to maintain underwater weapon systems and the Hydra sonar system.
The contracts for maintenance of underwater weapon systems and the Hydra sonar system cover system support and maintenance for relevant operational systems, the company announced in its press release on Friday.
The orders come under the terms of the Letter of Intent (LoI) between Saab and FMV that was announced on 9 June 2014. The LoI supports the Swedish Armed Forces’ underwater capabilities for the period 2015-2024.
”The New Lightweight Torpedo order represents another important step in developing a new generation underwater weapon, in collaboration with FMV and the Swedish Navy,” Görgen Johansson, head of Saab business area Dynamics was quoted as saying by the company in its statement.
“Based on the proven Torpedo 45 with its outstanding shallow-water anti-submarine warfare capability, the New Lightweight Torpedo will deliver significant performance improvements to deal with evolving threats in international scenarios,” said Johansson.