Sweden May Join Switzerland to Buy Saab Gripen Fighters

Sweden’s government may buy as many as 60 of Saab AB (SAABB)’s Gripen E/F aircraft to lower costs as part of an agreement with Switzerland about the purchase of the company’s next-generation fighter jet.

In a statement today, Saab said it welcomed the Swedish government’s announcement that it reached agreement with Switzerland about the procurement of the aircraft.

“No costs have been disclosed as there is no contract in place,” Sebastian Carlsson, a spokesman for Linkoeping-based Saab, said in a phone interview. “The government will present their budget on Sept. 20 for next year, and later this year, parliament will vote on it.”

The Swiss government agreed in November to buy 22 of the aircraft for 3.1 billion Swiss francs ($3.2 billion).

It said today that the Department of Defense signed a “framework agreement” with Sweden for the purchase of the jets, completing a memorandum of understanding signed by Swedish Defense Minister Karin Enstroem and Swiss Defense Minister Ueli Maurer on June 29.

To contact the reporter on this story: Keith Jenkins in London at kjenkins3@bloomberg.net

To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net

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