Saab is working to complete contracts with Thailand and Colombia this year for the sale of its Gripen E/F fighter jets, according to CEO Micael Johansson. The Colombian deal is supported by financing offers from the Swedish Export Credit Corporation and the Swedish Export Credit Agency. Saab’s push signals growing international interest in the latest variants of the Gripen aircraft. The negotiations with both nations are advancing as Saab positions itself competitively in the global defense market. Finalizing these contracts would strengthen Saab’s export portfolio and deepen its strategic ties with both countries.
Related Posts
Saab profit rises, sees sales growth at upper end of forecast range
- Veiko Lukmann
- 22/10/2024
- 0
Swedish defense manufacturer Saab reported higher-than-expected third-quarter operating earnings of 1.19 billion crowns, surpassing last year’s 859 million and analyst predictions of 1.14 billion. The company reaffirmed its forecast for strong sales growth, expecting a 15-20% organic rise in 2024, with earnings increasing at an even higher rate. Saab benefits from the global demand for military hardware, driven by tensions such as Russia’s war in Ukraine, and Sweden’s NATO accession. Its order bookings rose by 41% year-on-year, with a growing order backlog of 190 billion crowns. Saab is cooperating with a U.S. Department of Justice request regarding Brazil’s 2014 Gripen […]
Saab explores new markets for its live-training simulation
- Veiko Lukmann
- 18/12/2024
- 0
Saab’s Training and Simulation unit is expanding its Gamer live-training system to include maritime applications and broaden its user base. At the 2024 I/ITSEC conference in Orlando, Hans Lindgren, Saab’s head of business development, showcased the system’s indirect fire simulation, now ready for deployment to the Royal Netherlands Army. Saab is also enhancing the system to simulate loitering munitions and beyond-line-of-sight weapons, attracting interest from multiple customers. The Gamer system has integrated live drone capabilities, currently used by the British Army for experimentation, with Saab hinting at an upcoming new customer. These advancements highlight Saab’s commitment to providing cutting-edge, realistic […]
UK, Sweden Join European Ground-Launched Cruise Missile Effort
- Veiko Lukmann
- 22/10/2024
- 0
Sweden has officially joined the European Long Range Strike Approach (ELSA) initiative, formalizing its participation with a letter of intent signed by Defense Minister Pål Jonson. The decision was announced after a NATO defense ministers’ meeting, with Jonson emphasizing the importance of long-range strike capabilities highlighted by the war in Ukraine. The ELSA initiative, launched in June 2024 by France, Germany, and Poland, aims to develop a ground-launched cruise missile with a range of 1,000 to 2,000 kilometers. European defense company MBDA is expected to lead the missile’s development if the project moves forward. The United Kingdom also recently joined […]