Defence and security company Saab have received two new contracts from the Swedish Defence Material Administration with a total value of MSEK 194.

The contracts comprise upgrade of the heavyweight torpedo Torpedo 62 and support for underwater weapon systems.

The upgrade of Torpedo 62 comprises of new and improved functions for communication and warhead initiation, providing an important capability enhancement for the system.

“The Torpedo 62 system will, as a result of this order, be upgraded with new functionality and gain increased capability. I feel satisfied to report yet another order from one of the market’s most demanding customers.” said Tomas Samuelsson, Head of business area Dynamics.

The Torpedo 62 is an advanced heavy weight torpedo for combating surface targets. It is equipped with an advanced propulsion system capable of high speed and long endurance together with a state of the art homing system.

Deliveries according to these contracts will take place during the period 2013 to 2016.