The development of the RBS-15 Mk. III began in the mid-1990s. It is produced by Saab in co-operation with Diehl BGT Defence of Germany. Emphasis was put on increased range (due to larger fuel capacity and new fuel the range has been increased to some 200 km), improved accuracy (integrated GPS) and selectable priority targeting, which improved the weapon system's flexibility. The Mk. III was selected for the German Navy’s Braunschweig-class corvettes. Finnish truck maker Sisu produces missile launch trucks for RBS-15. The Mk. III has been in production since 2004.