Saab Receives Order From FMV For Development And Production Of New Lightweight Torpedo

Defence and security company Saab has received an order from the Swedish Defence Material Administration (FMV) for the development and production of New Lightweight Torpedo system.The total order value amounts to approximately SEK1.53 billion and deliveries will take place during the period 2016-2024.The order comes under the terms of the Letter of Intent (LoI) between Saab and FMV that was announced on June 9, 2014. The LoI supports the Swedish Armed Forces’ underwater capabilities for the period 2015-2024.This order connects to the previous orders from FMV announced in July 2014 and