Saab Signs $354 Million Swedish Contract To Supply Next-Gen Anti-Ship Missile System

Saab has signed a SEK3.2 billion ($354 million) contract with the Swedish Defence Material Administration (FMV) for the development and production of the next generation anti-ship missile system.

The deliveries will take place during the period 2017-2026. The contract signed is a development programme of an anti-ship missile system in both air-launched and ship-launched configurations. The next generation anti-ship missile system will be integrated on the new Gripen E fighters and in the Visby class corvettes, the company said in a statement last Friday.

The missile system has an improved combat range, an upgraded target seeker, and a lower mass compared to the earlier system. It also has an ability to combat a wide spectrum of naval and land-based targets, an all-weather capability and a new design enabling future growth potential.

The RBS15 missile family is jointly produced by Saab and Diehl Defence GmbH & Co. KG.