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Saab: Orders for Saab’s Underwater Weapon Systems

Defence and security company Saab (STO:SAABB) have received two new contracts from the Swedish Defence Material Administration with a total value of MSEK 194. The contracts comprise upgrade of the heavyweight torpedo Torpedo 62 and support for underwater weapon systems.

The upgrade of Torpedo 62 comprises of new and improved functions for communication and warhead initiation, providing an important capability enhancement for the system.

“The Torpedo 62 system will, as a result of this order, be upgraded with new functionality and gain increased capability. I feel satisfied to report yet another order from one of the market’s most demanding customers.” says Tomas Samuelsson, Head of business area Dynamics.

The Torpedo 62 is an advanced heavy weight torpedo for combating surface targets. The Torpedo 62 is equipped with an advanced propulsion system capable of high speed and long endurance together with a state of the art homing system.

Deliveries according to these contracts will take place during the period 2013 to 2016.

Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.

The information was submitted for publication on 14 December 11.00 (CET)

This information was brought to you by Cision http://www.cisionwire.com

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