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$4.7 Billion Saab Gripen Contract With Brazil Comes Into Effect

Thursday, September 10th, 2015

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$4.7 Billion Saab Gripen Contract With Brazil Comes Into Effect

Gripen Aircraft. Photo: Saab.

A Saab AB contract with the Brazilian government worth $4.7 billion to develop and produce 36 Gripen NG aircraft has come into effect, the company said Thursday.First announced Oct. 27, 2014, the Brazil-Saab contract came into effect as all required conditions have been fulfilled and the company booked it as an order intake (Defense Daily, Oct. 31, 2014). An associated industrial co-operation contract (which includes technology transfer to Brazilian industries) also came into effect, signed in October 2014 as well.The…

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