Proud For Profits
  • Investing
  • Stock
  • Latest News
  • Economy
  • Investing
  • Stock
  • Latest News
  • Economy
No Result
View All Result
Proud For Profits
No Result
View All Result
Home Stock

Saab proposes sale of Gripen fighter jets to Colombia, eyes Peru deal

by
November 11, 2024
in Stock
0
Saab proposes sale of Gripen fighter jets to Colombia, eyes Peru deal

By Gabriel Araujo

WASHINGTON (Reuters) – Saab has made an offer to Colombia for the proposed purchase of an undisclosed number of Gripen fighter jets and is looking at a potential deal for the sale of the jets to Peru, the CEO of the Swedish defense firm told Reuters on Monday.

A Swedish public radio station reported last week, citing unnamed sources, that Colombia would buy a fleet of JAS Gripen jets made by Saab, which has a production line in neighboring Brazil.

“We have offered sort of a full-fledged offer to them. They are evaluating that and now we are waiting for the response,” Micael Johansson said in an interview. “I think we have a good offer, but it’s of course not ever without competition.”

Brazil over the weekend agreed to expand its order of 36 JAS 39 Gripen fighters by 25%, in a deal that also included Sweden’s selection of Brazilian planemaker Embraer’s C-390 military cargo aircraft for its fleet.

The letter of intent was signed by Swedish Defense Minister Pal Jonson and his Brazilian counterpart Jose Mucio on Saturday, and a final contract is still pending.

Johansson said the move was “extremely good news” for Saab and noted that it should also allow for more Gripens to be assembled at Embraer’s Gaviao Peixoto plant in the state of Sao Paulo, where a joint production line was opened last year.

The initial agreement included 15 aircraft to be produced in Brazil. Saab and Embraer plan to make the Gaviao Peixoto plant a production hub for the fighter in Latin America, as it could facilitate deals and exports of the aircraft.

Reuters reported in 2023 that Brazil was considering buying more Gripen fighters, and that Saab eyed potential purchases by Colombia and Peru as part of a push to boost sales in South America.

“It makes sense to work from this hub in Brazil if we have the opportunity to also convince Colombia and Peru about selecting the Gripen,” said Johansson, adding that the Colombian sales campaign was further ahead in delivering proposals.

“But Peru is also a very interesting market since they have publicly said that they have created a budget to start this acquisition. So of course we are in that competition as well,” he noted.

Saab shares closed up about 4% in Stockholm on Monday.

This post appeared first on investing.com
Previous Post

Morgan Stanley’s PE arm to sell HVAC firm to Goldman Sachs Alternatives

Next Post

China to return to stimulus table next year, again as US trade tariffs likely loom

Next Post
China to return to stimulus table next year, again as US trade tariffs likely loom

China to return to stimulus table next year, again as US trade tariffs likely loom

Enter Your Information Below To Receive Trading Ideas and Latest News

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Popular News

    MN governor race to replace Walz sees major shakeup as GOP contender ends campaign: ‘Don’t see a path’

    MN governor race to replace Walz sees major shakeup as GOP contender ends campaign: ‘Don’t see a path’

    May 2, 2026
    Amazon explores ‘The Apprentice’ reboot with Trump Jr set for promotion: report

    Amazon explores ‘The Apprentice’ reboot with Trump Jr set for promotion: report

    May 2, 2026
    Democrat whose parents fled Iran moves to oust Hegseth

    Democrat whose parents fled Iran moves to oust Hegseth

    April 8, 2026
    Track all markets on TradingView

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Economy

    Latest News

    • MN governor race to replace Walz sees major shakeup as GOP contender ends campaign: ‘Don’t see a path’
    • Amazon explores ‘The Apprentice’ reboot with Trump Jr set for promotion: report
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 proudforprofits.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Economy

    Copyright © 2026 proudforprofits.com | All Rights Reserved