Sweden agrees to sell four Saab Gripen fighter jets to Thailand

A Swedish Air Force Saab JAS 39 Gripen fighter jet flies during a media day
FILE PHOTO: A Swedish Air Force Saab JAS 39 Gripen fighter jet flies during a media day, illustrating how NATO Air Policing safeguards the Allies' airspace in the northern and northeastern region of the Alliance, July 4, 2023. REUTERS/Piroschka van de Wouw/File Photo
Source: X06750

Sweden said on Monday 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 5.3 billion crowns ($556 million) and deliveries would take place in 2025-2030.

Thailand already has one squadron of Gripen C/D fighters.

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Shares of Saab were up 3% in late morning trading.

This article was produced by Reuters news agency. It has not been edited by Global South World.