Saab is to provide product support and maintenance services for the Swedish navy's underwater weapon systems for the next two years.

The contract with the Swedish Defense Materiel Administration, or FMV, is worth more than $26 million. Saab said the award comes under terms of the Letter of Intent to support the Swedish armed forces' underwater capabilities for the period of 2015 to 2024.

"This contract secures the availability of operational weapon systems for the Swedish Navy," said Anne-Marie Vösu, head of Saab's Underwater Systems, a unit of the company's Dynamics business area. "We will plan for and conduct necessary measures to keep the systems ready whenever the customer needs.

"The contract is a proof of the customer's trust in our knowledge and expertise within the underwater domain, and it is an important foundation for our continuing business."

Saab said it has unique expertise in developing underwater systems for shallow waters and for the specific environment of the Baltic Sea, including customized propulsion systems, weapon systems, communication systems, homing systems and others.

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