Saab Closes in on Swiss Gripen Deal With Swedish Guarantees

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Switzerland will press ahead with an order for 22 Saab AB Gripen E/F fighter jets, signing the firm contract as early as 2013 and making a first payment a year later, Defense Minister Ueli Maurer said.

Sweden’s government will guarantee Switzerland a 3.1 billion Swiss franc ($3.2 billion) fixed price, the delivery time frame and the technical performance of the aircraft as part of the deal, Maurer said at a presentation in Thun, Switzerland.