The first order for ammunition under this framework agreement is valued at nearly $16.5m (Skr150m).
The order was placed by the Lithuanian Defence Materiel Agency.
With the signing of this agreement, the Lithuanian Armed Forces joins the Carl-Gustaf framework agreement signed by Estonia, Latvia and Sweden.
Saab Dynamics business area head Görgen Johansson said: “It’s a great milestone to have Sweden, and all the Baltic countries, in the same agreement for the Carl-Gustaf system.
“Now we look forward to delivering this ammunition and providing Lithuania with the fantastic Carl-Gustaf M4 system.”
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Since the system’s launch in 2014, Saab has signed contracts with 14 countries for the shoulder-launched weapon.
In 2014, Saab signed a framework agreement with the European Defence Agency (EDA) to provide Carl-Gustaf ammunition to Estonia, Latvia, Lithuania, the Czech Republic, and Poland.
The company and the Swedish Defence Materiel Administration (FMV) also signed a framework agreement in June 2019.
Under this agreement, Sweden, Latvia, and Estonia can order Carl-Gustaf M4 weapon systems during a ten-year period.
Since the mid-1990s, Lithuania has been a Carl-Gustaf system user.
The Carl-Gustaf M4 system can be used to destroy armoured tanks, clear obstacles, and also neutralise landing craft and bunkers.
The ammunition is designed to provide high tactical flexibility in any kind of combat situation.
It offers quick engagement, enhanced hit probability, and effectiveness.