Home / Contract Awards / Saab Gets Potential $445M Military Rifle Ammo Delivery Contract; Erik Smith Quoted

Saab Gets Potential $445M Military Rifle Ammo Delivery Contract; Erik Smith Quoted

Erik Smith

Saab has received a potential $445 million contract to supply ammunition for a disposable weapon system and a recoilless rifle to support the U.S. Army, Marine Corps and special forces. The framework agreement includes an initial $83 million order for AT4 and Carl-Gustaf rifle ammunition which will be reflected in Saab’s second quarter 2019 earnings, the company said Wednesday.

The AT4 family of lightweight disposable weapon systems includes platforms with high-explosive as well as anti-armor, structure and personnel functionalities. Carl-Gustaf M4 is a man-portable and multi-role rifle suited for various ammunition types.

Erik Smith, president and CEO of Saab’s U.S. defense and security arm, said the agreement will help expand the U.S. military’s capabilities and improve combat efficiency. Saab has provided over 600,000 AT4 systems to the nation’s armed forces since 1987.

Check Also

Kevin Scott to Succeed Harry Shum as AI, Research EVP at Microsoft

Kevin Scott, chief technology officer of Microsoft (Nasdaq: MSFT), will assume additional duties as executive vice president of artificial intelligence and research in early 2020, CNBC reported Wednesday.

Akima Subsidiary to Help Maintain, Secure Marines’ Quantico Base

Akima’s Sunik subsidiary has received a potential eight-year, $75M contract to provide base operations support to the U.S. Marine Corps’ installation in Quantico, Va.