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March 3, 2020

Saab partners with Canadian companies for fighter jet deal 

Saab has partnered with several Canadian aerospace companies for the Future Fighter Capability Project (FFCP) deal.

Saab has partnered with several Canadian aerospace companies for the Future Fighter Capability Project (FFCP) deal.

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Known as the ‘Gripen for Canada Team’, the companies include IMP Aerospace & Defence, CAE, Peraton Canada and GE Aviation.

The Saab-led team has been formed to provide a genuine ‘Made in Canada’ solution for the fighter capability project and help comply with the terms set out in the Canadian request for proposal.

Saab’s Gripen E multirole fighter aircraft is being offered as a replacement to the Royal Canadian Air Force’s existing CF-18 Hornet fighter jet.

The contract will involve the delivery of 88 combat jets. It is expected to be valued between C$15bn ($11.25bn) and C$19bn ($14.25bn).

Saab Aeronautics head and senior vice-president Jonas Hjelm said: “Over the past two years, Saab and the Swedish Government have been encouraged by Canada’s open and transparent competition to replace its fighter fleet.

“Today, we are delighted to announce the ‘Gripen for Canada Team’. We have assembled a dynamic roster of innovative leaders within Canada’s aerospace industry, across multiple regions to offer the best solution for Canada’s future fighter.

“Saab is committed to securing long-term relationships in Canada that will create a significant number of highly skilled, sustainable jobs for Canadians within domestic and international supply chains.”

As part of the Saab team, IMP Aerospace & Defence will provide production and support to the fleet of Canadian Gripen within the country.

CAE will focus on training and mission systems solutions for the aircraft.

The avionic and test equipment components along with its material management, repair, maintenance and overhaul will be provided by Peraton Canada.

Engines for the fighter jet will be provided and sustained by GE Aviation.

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Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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