In the late 1980s, FFV (today Saab Dynamics AB), began to develop a replacement for the older Torped 613, the main heavy torpedo used by the Swedish navy.
[3] The torpedo has a pump jet propulsion system giving it a maximum speed of over 45+ knots.
In 2020 Saab received a first order from the Swedish Defence Materiel Administration (FMV) for the life extension of the heavyweight torpedo system.
[4] In 2021 Saab received an order from the Swedish Defence Material Organisation (FMV) for the next phase of the life extension programme of Torpedo 62.
The order includes pre-studies and engineering which incorporates subsystem prototypes for improvements of the current torpedo.