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$358,5 Million Saab Support to Defence

Saab has been awarded a contract by Swedish Defence Material Administration (FMV) for the development and production of the next-generation anti-ship missile system. The contract covers development of both air-launched and ship-launched variants and amounts to $358,5 million. 

Saabs CEO Håkan Buskhe said these next generation missiles would provide the Swedish Air Force and the Royal Swedish Navy with greatly improved capabilities, compared to other missiles on the market; they would have the capability to engage any target, in all conditions. Reportedly, the system will be a significantly improved version of anti-ship RBS15 missiles. Being the joint manufacturer of the predecessor RBS15, Diehl Defence GmbH will also be taking part during the modernization work. 

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