Saab Secures $494M Army Contract for XM919 Individual Assault Munition

Saab Inc., the U.S. business arm of the Swedish aerospace and defense company, has booked a $494.4 million contract from the U.S. Army for the production of XM919 Individual Assault Munition, or IAM. The Department of Defense said Tuesday the firm-fixed-price contract, which covers an unspecified amount of XM919 IAM, was awarded to Saab by the

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