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 Tuesday.

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 for the 2015-2024 period.


“This contract secures the availability of operational weapon systems for the Swedish Navy. We will plan for and conduct necessary measures to keep the systems ready whenever the customer needs,” Anne-Marie Vösu, head of Saab’s underwater systems business unit within the dynamics business area, said in a statement.

“The contract is a proof of the customer’s trust in our knowledge and expertise within the underwater domain, and it is an important foundation for our continuing business,” Vösu added.

The company highlighted it has a longstanding partnership with the FMV and has provided the Swedish Armed Forces with underwater services and products for weapon systems, sensors, autonomous underwater vehicles, and mine hunting.