Saab Closes in on Gripen Deal in Brazil Opening Up Latin America

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Saab Closes in on Gripen Deal in Brazil Opening Up Latin America - Businessweek

By Chris Jasper and Niclas Rolander October 23, 2014

Saab AB (SAABB) said it's close to sealing a contract with Brazil that will secure 36 export orders valued at $4.5 billion for the Swedish company's Gripen jet-fighter while establishing production in the South American country.

Negotiations on the deal are moving forward according to plan and the ambition is to reach an agreement "in the near future," Saab said today in a statement.

Saab signed a memorandum of understanding with Embraer SA (EMBR3) in July granting the Brazilian planemaker a leading role in Gripen production tied to the signing of an order. According to that deal, Embraer will share joint responsibility for developing a two-seat version of the latest upgrade of the jet and lead marketing efforts to sell it in Latin America......
....Brazil is already poised to discuss a possible deal to sell the Gripen to Argentina as part of a plan to boost aerospace cooperation, the defense ministry said this week, adding that terms could include some production component for its neighbor. Brazil's own contract should be signed by December, it said.....
 

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