Photographer: Graham Barclay/Bloomberg

Saab in Hunt for India Partner to Help Modi Overhaul Forces

  • Move follows Modi administration’s move to ease FDI in defense
  • Saab expects to sell about 450 Gripen jets over next 20 years

Sweden’s Saab AB will join Lockheed Martin Corp. and Boeing Co. in the search for local partners to help build its fighter jets, as competition increases for a slice of India’s planned $150 billion military modernization.

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