Swedish defense company Saab AB said Tuesday it has received an order worth approximately 2.6 billion Swedish kronor to conduct studies on future fighter jet systems.
The contract from the Swedish Defence Materiel Administration (FMV) covers conceptual studies for both manned and unmanned aircraft and will run from 2025 to 2027, the company said.
According to the announcement, the order is an extension of a contract signed in March 2024 and includes technology development and the creation of demonstrators.
Saab, the manufacturer of the Gripen fighter jet, will collaborate with the Swedish Armed Forces, GKN Aerospace, and other industry partners on the project.
“This order sets the next step on our joint journey in delivering innovative solutions to meet future operational needs of the Swedish Armed Forces and other customers,” said Lars Tossman, head of Saab’s Aeronautics business area.
The order comes as Saab experiences strong demand across its business segments, having recently secured major contracts for its submarines and existing Gripen fighters.
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