Saab is ready to set up a manufacturing centre in Brazil for the Gripen fighter to help it secure a $1.8bn deal for 36 warplanes from the Brazilian Air Force.
Saab intends to shift 50% of its Gripen fighter jet production to Brazil to beat competition and increase market share for its flagship product, Bloomberg reports.
Go deeper with GlobalData
The 36 planes required by the air force will replace a batch of aging Mirage jets, and Brazil is expected to purchase up to 120 planes in future.
While the Brazilian Air Force has already awarded the final assembly work to Embraer, the purchase order will be awarded in August.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
