“This milestone marks the successful completion of Penguin’s first composite shipbuilding project and our first naval defense project,” said Penguin’s Managing Director James Tham.
“The capabilities developed through this project will be integrated across our broader shipbuilding operations, strengthening our ability to undertake more advanced programs in the future.”
On June 27, 2026, Penguin handed over to Saab the first of six composite superstructures and masts for this new class of naval vessels.

Daniel Oscarsson, Head of Saab Business Unit Surface Ships, said, “By integrating composite superstructures into naval ships, our customers benefit from advantages such as low weight, decreased radar cross-section and reduced life-cycle costs.”
Commenting on the milestone, Fredrik Martinsson, Head of Project Management, Saab Business Unit Surface Ships, said, “We are seeing a growing number of customers entrust Saab with addressing their operational needs.”
“To better serve these customers locally, we continue to strengthen our strategic partnership with Penguin Shipyard International. With its long-standing heritage and deep expertise in shipbuilding in Singapore, Penguin shares Saab’s strong commitment to understand and meet customer requirements. This makes Penguin a valued and trusted partner for Saab.”