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Sweden Awards Saab $26 Million Contract To Support/Maintain Underwater Weapon Systems

Friday, March 3rd, 2017

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The Swedish Defence Material Administration (FMV) awarded Saab AB a contract worth up to $26 million for product support and maintenance of the Swedish Navy’s underwater weapon systems, the company said Feb. 28.The contract covers the 2017-2019 period and allows the FMV to place orders for product support and maintenance of underwater weapon systems. It is under the terms of the Letter of Intent (LoI) Saab and the FMV announced in June 2014. The LoI supports Sweden military’s underwater capabilities…

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