Saab has received a new order to continue providing support for the ground-based air defence (GBAD) systems currently in service with the Swedish Armed Forces.
The contract has been awarded by the Swedish Defence Material Administration (Försvarets materielverk – FMV).
It has an estimated value of approximately $16.49m (Skr170m). The company stated that this order was booked in the fourth quarter of fiscal year 2022.
The performance period of the new award is two years until 2025, and has an additional option to extend the contract for another three-year period.