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Saab receives $37 million contract award from U.S. Marine Corps for additional Live Training equipment

Mar 14, 2025

Contract Type

contract

StockholmManufacturingSecurityNational SecurityDefense & Space

Description

Saab has received a contract modification award from the U.S. Marine Corps for additional Marine Corps Training Instrumentation Systems (MCTIS) equipment, with a value of USD $37 million (SEK 375 million). This award ensures the U.S. Marine Corps will continue implementing Saab's deployable and expeditionary MCTIS capability, significantly improving their performance and survivability on the battlefield.

Company Information

Company

Saab

Location

17 Olof Palmes gata

Stockholm, Stockholm County, Sweden

About

Saab is a leading defence and security company delivering advanced solutions that span from the depths of the oceans to high in the sky, on land, and in cyberspace — all with the mission of keeping people and society safe. Powered by a team of 22,000 talented professionals, Saab continuously pushes the boundaries of technology to build a safer, more sustainable, and more equitable world. The company designs, manufactures, and maintains cutting-edge systems in aeronautics, weapons, command and control, sensors, and underwater technologies.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.