Denel's SAMs a hit

Denel's hi-tech SA-designed and developed Umkhonto surface-to-air missile (SAM) has been selected by the Swedish Navy for fitment aboard its new Visby-class stealth corvettes.

This will make it the third user of the missile and associated IT, after the SA Navy and that of Finland, says Denel Dynamics CEO Jan Wessels.

Research firm Forecast International put the value of the deal at $150 million, about R1.2 billion at the current exchange rate, for five systems.

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