Saab has secured an order worth approximately $15.9m (Skr145m) from the Swedish Defence Materiel Administration (FMV).

The contract is for the next phase of the Torpedo 62 system’s life extension programme.

Deliveries under the contract are expected to take place by the end of 2023.

The order also includes pre-studies and engineering of subsystem prototypes for the current torpedo enhancements.

Saab Dynamics business area Görgen Johansson head: “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.”

Production and development of the heavyweight torpedo system will take place in Swedish cities of Linköping and Motala.

The life extension programme of the Swedish Navy’s heavyweight torpedo was signed last year.

Torpedo 62 is a heavyweight torpedo system used for surface and underwater targets.

The system comes with an advanced propulsion system with high capacity and long endurance capability, along with an advanced target seeker. It is developed for the operational area of the Swedish Navy.

In August, Saab received an order from the Swedish FMV to add new capabilities to the new A26 Blekinge class submarines.