Saab suggests sale of Gripen competitor jets to Colombia, eyes Peru bargain

By Gabriel Araujo

WASHINGTON (Reuters) – Saab has actually made a deal to Colombia for the recommended acquisition of an unrevealed variety of Gripen competitor jets and is considering a prospective bargain for the sale of the jets to Peru, the Chief Executive Officer of the Swedish protection company informed Reuters on Monday.

A Swedish public radio terminal reported recently, mentioning unrevealed resources, that Colombia would certainly purchase a fleet of JAS Gripen jets made by Saab, which has an assembly line in surrounding Brazil.

” We have actually used type of a full-fledged deal to them. They are examining that and currently we are waiting on the feedback,” Micael Johansson claimed in a meeting. “I believe we have an excellent deal, however it’s naturally never without competitors.”

Brazil over the weekend break consented to broaden its order of 36 JAS 39 Gripen boxers by 25%, in a bargain that additionally consisted of Sweden’s option of Brazilian planemaker Embraer’s C-390 army freight airplane for its fleet.

The letter of intent was authorized by Swedish Protection Preacher Chum Jonson and his Brazilian equivalent Jose Mucio on Saturday, and a last agreement is still pending.

Johansson claimed the action was “very great information” for Saab and kept in mind that it ought to additionally enable even more Gripens to be constructed at Embraer’s Gaviao Peixoto plant in the state of Sao Paulo, where a joint assembly line was opened up in 2014.

The preliminary contract consisted of 15 airplane to be generated in Brazil. Saab and Embraer strategy to make the Gaviao Peixoto plant a manufacturing center for the competitor in Latin America, as it can assist in bargains and exports of the airplane.

Reuters reported in 2023 that Brazil was thinking about purchasing even more Gripen boxers, which Saab looked at possible acquisitions by Colombia and Peru as component of a press to enhance sales in South America.

” It makes good sense to function from this center in Brazil if we have the chance to additionally persuade Colombia and Peru regarding choosing the Gripen,” claimed Johansson, including that the Colombian sales project was better in advance in providing propositions.

” Yet Peru is additionally an extremely intriguing market given that they have actually openly claimed that they have actually developed a budget plan to begin this purchase. So naturally we remain in that competitors too,” he kept in mind.

Saab shares closed around 4% in Stockholm on Monday.

( Coverage by Gabriel Araujo; Modifying by Paul Simao)

Check Also

Morgan Stanley elevates base instance 2025 yr-end S&P 500 target to 6,500

NEW YORK CITY (Reuters) – Morgan Stanley has actually boosted its 12-month base instance rate …

Leave a Reply

Your email address will not be published. Required fields are marked *