STOCKHOLM: Sweden said today it has signed a deal to sell four Gripen fighter jets produced by Saab to Thailand.
The deal “strengthens the long-term development opportunities for Swedish warplanes,” Swedish Defence Materiel Administration (FMV) director-general Mikael Granholm said in a statement.
Saab said in a separate statement that the value of the order, which includes three Gripen E jets and one Gripen F, as well as equipment, support and training, was around SEK5.3 billion (US$556 million) and deliveries would take place in 2025-2030.
Thailand already has one squadron of Gripen C/D fighters.
Shares of Saab were up 3% in late morning trading.