Saab Signs Contract with FMV for Underwater Systems
Defence and security company Saab has received orders from the Swedish Defence Materiel Administration (FMV) for continued development of the New Lightweight Torpedo plus maintenance agreements for underwater weapon systems and the Hydra sonar system. The total order value amounts to approximately SEK 175 million.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