SEK1.7 Billion Order – Possibility of More in the Future

Diehl Defence, Saab’s production partner in the RBS15 GUNGNIR missile programme, has placed an order with the Swedish company for an unspecified number of the missiles on behalf of the German Navy. The order is valued at approx. SEK1.7 billion (€164 million) and calls for delivery 2022-2026.

The order falls under a framework agreement between the two companies, which envisions the possibility of further orders being placed until the end of 2024, in which Saab’s revenue share would amount to approx. SEK1.5 billion.

The missiles and launchers covered by this order are destined for the BRAUNSCHWEIG-class corvettes and will be provided alongside the pertinent equipment and services. The RBS15 provides operators with a long-range, all-weather anti-ship and sea denial capability, and is designed to overcome the challenges of the modern naval battlespace. Built for deployment on multiple platforms, it currently serves with the armed forces of several nations.

“This framework agreement is an important milestone in our long-standing cooperation with Diehl Defence and our [relationship] with Germany,” commented Saab President and CEO, Micael Johansson.

“The new contract award is a sign of confidence from the German Navy and government authorities toward Diehl Defence and its strategic cooperation with Saab in the field of modern weapon systems destined for the Navy,” added Helmut Rauch, CEO and President of Diehl Defence.