Saab wins $494 million munitions contract from U.S. Army

DeWITT — Saab Inc.’s operation in the town of DeWitt was recently awarded a $494.35 million firm-fixed-price contract for the XM919 Individual Assault Munition, a shoulder-launched munitions system. Bids were solicited via the internet with three received, according to an Aug. 27 contract announcement from the U.S. Department of Defense. Work locations and funding will be determined with each order, with an estimated completion date of Aug. 26, 2029, per the contract announcement. The Army Contracting Command in Newark, New Jersey is the contracting authority.