Sweden awards Saab another Torpedo 62 life extension deal

Defence and security company Saab has received another contract from the Swedish Defence Material Organisation (FMV) for the next phase of the life extension program of Torpedo 62.

The order includes pre-studies and engineering which incorporates subsystem prototypes for improvements of the current torpedo.

“This order helps to develop a more capable torpedo system for the future. We are looking forward to continue evolving one of the Swedish Navy’s main weapon systems,” said Görgen Johansson, head of Saab’s business area Dynamics. 

Production and development will take place in Linköping and Motala. The order value is SEK 145 million (around $16 million) and deliveries will take place by the end of 2023.

The life extension program for the Swedish Navy’s heavyweight torpedo was first signed in 2020. The contract was a part of a life extension program for the heavyweight torpedo mainly comprising of a review of the system, modifications, and enhancements. The order also included preparations for upcoming stages of the life extension program. 

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. 

In August this year, Saab also received an order from the Swedish Defence Material Administration (FMV) to continue the development and production, as well as expand the capabilities, of the two A26 Blekinge-class submarines. The order value is SEK 5.2 billion ($5.2 million) and the delivery of the two submarines will take place in 2027 and 2028.