Through the partnership, the companies will upgrade the Carl-Gustaf reloadable shoulder-launched weapon system.
Used by the US Army and ground forces of 40 other countries, the Carl-Gustaf system is currently in service in the world’s most demanding combat environments.
The multi-role weapon has been modernised to meet the changing needs of soldiers on the ground.
Saab recently improved Carl-Gustaf’s portability by reducing the weight of the latest version, the M4/M3E1, from 22lb to 15lb.
The partnership will also look at improving Saab’s AT4 disposable weapon system to meet the near-term US and international requirements.
The AT4 family of weapons are lightweight, man-portable, fully disposable weapons that do not require expert gunners to operate effectively.
This product range includes anti-armour, anti-structure and anti-personnel/high explosive roles.
The AT4 product family has been exported to more than 15 countries across the world so far.
Saab Dynamics business area head Görgen Johansson said: “Collaborating with Raytheon, utilising their technical and product excellence, in combination with our technology will enhance the already world-leading Carl-Gustaf and AT4 weapon systems with additional capabilities that will even further increase the operational benefit for the end-user.”
The upgraded weapon systems are claimed to provide the US and coalition dismounted forces capabilities against enemy threats on the battlefield.
Raytheon Land Warfare Systems vice-president Kim Ernzen said: “Drawing from existing weapons, launchers, and sensors from the two companies’ land warfare portfolios will enable us to develop and offer advanced solutions on an accelerated timeline to meet emerging munitions needs.”