Saab today announced that it’s SEK39.3 billion (US$4.7 Billion) contract to supply 36 Gripen fighters to Brazil has come into effect with all required conditions having been fulfilled.
“Today, the order value of approximately SEK39.3 billion is booked by Saab as order intake. Gripen NG deliveries to the Brazilian Air Force will be undertaken from 2019 to 2024,” a Saab statement said.
The associated industrial co-operation contract (including technology transfer to Brazilian industries), which was signed in October 2014, also comes into effect today.
“Through the Gripen NG programme, we continue to build on the industrial relations between Brazil and Sweden. I am confident that this important programme will serve as a platform for new business and contribute to the growth of both the Brazilian and Swedish industry,” says Marcus Wallenberg, Chairman of Saab’s Board of Directors.
“This important milestone marks the formal start to the Brazilian Gripen NG programme. We will now work full speed ahead to ensure timely deliveries of Gripen NG to Brazil. Our partnership with Brazilian industry strengthens Saab’s position in Latin America and supports our strategy for growth through industrial co-operation,” says Håkan Buskhe, President and CEO of Saab.
The technology transfer programme will further contribute to the development of an independent, advanced defence industrial base in Brazil. Brazilian engineers and technicians will come to Saab for education and on-the job-training in Sweden starting in October 2015.
“The acquisition of Gripen NG will provide benefits beyond the enlargement of the Brazilian Air Force’s operational capacity. In addition to equipping FAB with one of the world's most modern fighters, the participation in the development of Gripen NG means a technological breakthrough for Brazilian industry,” says Lieutenant-Brigadier Nivaldo Luiz Rossato, Commander of the Brazilian Air Force.
Brazil has signed the financing agreement with Sweden that will allow the acquisition and development of Swedish Gripen NG fighter. It is the final step for the start of production of new fighters, the Brazilian defense ministry announced Tuesday
Brazil's Senate has approved a $4.6 billion financing contract that took place last week with Sweden for buying 36 Gripen fighter jets for the countrys Air Force
Brazil and Sweden have agreed on reducing the commercial interest rate on the purchase of 36 Gripen NG fighter jets for the Brazilian Air Force. Brazil is now looking at refinancing its procurement of the Saab Gripen fighters after reduction of interest rate from 2
Saabs Brazilian partner AEL Sistemas (AEL) has successfully delivered the Wide Area Display (WAD) Demo HMI Software for the Gripen NG jet. In February 2015, Saab announced the selection of AEL as a new Gripen supplier in Brazil
Airbus has delivered three additional H225M helicopters to the Brazilian Armed Forces. Two are destined for the Brazilian Army and the third for the Brazilian Air Force, bringing to seven the total number of H225M delivered to Brazil in 2015, the company said in a statement Monday
The Swedish Peace and Arbitration Society have lodged a complaint seeking an inquiry of alleged corruption in the sale of Gripen fighter jets to Thailand. According to the SPAS, the agreement between FMV and Thailand for the purchase of Gripen JAS 39 fighters offered scholarships to Thai military officers
Saab has delivered Automatic Warning and Reporting (AWR) system to a customer in Kuwait for the detection, identification, warning, monitoring and reporting of Chemical, Biological, Radiological and Nuclear (CBRN) hazards. The system, which is a flexible, modular and future-proof solution, can be operated from fixed locations, carried by personnel or mounted on vehicles, the company announced today
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