Sweden Awards Saab Torpedo 62 Life Extension Deal

The Swedish Defense Materiel Administration (FMV) on Thursday awarded Saab a contract for the life extension of the heavyweight torpedo system.

“Saab on Thursday received a first order from the Swedish Defence Materiel Administration (FMV) for the life extension of the heavyweight torpedo system,” the company said in a release July 9.

The order value is approximately 485 MSEK ($52.8 million) and deliveries will take place during 2020-2024.

The order is part of a life extension programme for the heavyweight torpedo and mainly comprises a review of the system, modifications and enhancements. The order also includes preparations for upcoming stages of the life extension programme. 

“We are proud to continue to support and strengthen the capability of the Swedish navy. This order ensures future development of the heavyweight torpedo, with the possibility for the Torpedo 62 to remain in operation with the Swedish Navy until the mid-2040,” says Görgen Johansson, head of Saab’s business area Dynamics.

Torpedo 62 is a heavyweight torpedo system for surface and underwater targets. Torpedo 62 is equipped with an advanced propulsion system with high capacity and long endurance, combined with an advanced target seeker, developed for the Swedish Navy’s operational area.