LINKÖPING, Sweden--(BUSINESS WIRE)--Regulatory News:
The Brazilian government today announced the selection of Gripen NG. The announcement today will be followed by negotiations with the Brazilian Air Force aiming at a procurement of 36 Gripen NG.
The offer presented to the Brazilian Government by Saab includes Gripen NG, sub-systems for Gripen NG, an extensive technology transfer package, a financing package as well as long term bi-lateral collaboration between the Brazilian and Swedish Governments.
The announcement today will be followed by negotiations with the Brazilian Air Force aiming at a procurement of 36 Gripen NG. After finalized negotiations an agreement can be reached between Saab andBraziland an order for Gripen NG placed.
”I am extremely proud of the confidence that the Brazilian government has placed in Gripen NG. Saab regards the announcement today as a strong commitment of the Brazilian Government and we are looking forward to provide the Brazilian Air Force with the world-leading and most affordable fighter. Furthermore, this announcement is very significant for the collaboration betweenBrazilandSweden. We stand prepared to start the industrial collaboration as planned, with its positive effects for Brazilian industry”, says Saab CEO Håkan Buskhe.
IfBrazilprocures the Gripen system it will be joining the countries operating the Gripen System today:Sweden,South Africa,Hungary,CzechRepublic,Thailandand the UK Empire Test Pilot School (ETPS).Switzerlandhas also selected Gripen as a future fighter jet. During August and September 2013 both chambers of the Swiss Parliament voted yes to the procurement of Gripen. A referendum on the procurement is expected in 2014.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers’ changing needs.
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The information is that which Saab AB is required to declare by the Securities Business Act and/or the Financial instruments Trading Act. The information was submitted for publication on December 18 at 23.00.
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