Poland Orders $1.24 Billion Carl-Gustaf Weapons from Saab; To Open New Carl-Gustaf Factory in India

Saab on Monday signed a contract with the Polish Ministry of Defence for delivery of the Carl-Gustaf M4 weapon, ammunition and training equipment.

The order value corresponds to SEK 12.9 billion ($1.24 Billion) and the contract period is 2024-2027. The order is expected to be booked by Saab before the end of Q2 2024.

After receiving approval of 100% foreign direct investment, Saab has established a new company, Saab FFVO India Pvt Ltd, which will fully own the new manufacturing facility and produce the Carl-Gustaf M4 weapon.

“I am proud to start constructing our first facility outside Sweden for Carl-Gustaf, a product that has a long history with the Indian Armed Forces. We look forward to starting production of our excellent product, now engineered and made in India”, says Görgen Johansson, Senior Vice President and Head of Saab’s business area Dynamics.

The facility is being built in the state of Haryana at the MET City at Jhajjar. The state has a strong industrial base of good potential partners and skilled employees.

Saab will partner with Indian suppliers and will fully meet the requirements of “Make in India” for the systems manufactured in the facility. At the new factory, Saab will deploy complex technologies including the latest sighting technology and advanced carbon fibre winding to manufacture Carl-Gustaf M4 for the Indian armed forces, and components which may be included in other users’ systems.