The Skr150m ($18.42m) contract to supply missile subsystems will be delivered to MBDA between 2020 and 2021.
The PFS has the ability to detect the target and calculate the optimum time to detonate the warhead in order to achieve maximum effect.
Saab Dynamics missile systems head Stefan Öberg said: “Meteor is designed to combat advanced air threats and its highly capable fusing system maximises warhead effectiveness and ensure the highest probability of success.
“Throughout, the PFS has proven its ability to meet all the demanding requirements placed on it.”
The Meteor is a highly advanced, long-range and agile air-to-air missile system that is designed to counter the most sophisticated airborne threats, Saab stated.
This next-generation, active radar-guided BVRAAM system can be integrated on Eurofighter Typhoon, Saab Gripen and Dassault Rafale aircraft.
Last year, the Swedish Air Force ’s Gripen fighters became the world’s first combat aircraft to deploy an operational Meteor capability, as part of Gripen’s MS20 capability upgrade.
Equipped with enhanced kinematics features, Meteor can be launched as a stealth missile. It is capable of striking different types of targets simultaneously in almost any weather.
The Meteor has a length of 3.65m and diameter of 0.178m. It is designed to be compatible with AIM-120 type rail and eject launcher systems.