- The company said in a statement that the new facility will help with production and provide parts for users of the system all over the world.
- Since the war in Ukraine, there has been more interest in the weapon system, which can be used against tanks.
A top executive at Swedish defence company Saab (SAABb.ST) said on Tuesday that the company will build a factory in India to make its Carl-Gustaf M4 weapons system. This is part of the company’s plan to increase production.
Senior Vice President Gorgen Johansson told reporters at a news conference that the plant will start making things in 2024.
Johansson wouldn’t say anything about how much the company is likely to put into the building.
The Indian armed forces have ordered the Carl-Gustaf M4 recoilless rifle.
The company said in a statement that the new building will help with production and will also make parts for users of the system all over the world.
Johansson said, “We haven’t done this in any other country.”
Since the war in Ukraine, there has been more interest in the weapon system, which can be used against tanks.
“In the future, more countries will want to be able to fight tanks,” Johansson said.
Saab said earlier this year that it would increase production to meet rising demand.
Russia’s invasion of Ukraine, which Moscow calls a “special military operation,” has caused many countries, including Sweden, where Saab is based, to increase their military spending.