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Saab Wants Control if It Wins $15 Billion India Jet-Fighter Deal

  • Swedish manufacturer is competing with Boeing, Lockheed Martin
  • Government requires at least 85% of planes to be made locally
A Saab Gripen E smart fighter aircraft.
A Saab Gripen E smart fighter aircraft.Photographer: Karen Dias/Bloomberg
Updated on

Saab AB wants control of local manufacturing in India if it beats the likes of Boeing Co. and Lockheed Martin Corp. in the race for the world’s biggest warplane contract.

The Swedish manufacturer is in the running to supply 114 Gripen fighters in a deal valued at more than $15 billion as Prime Minister Narendra Modi seeks to modernize armed forces reliant on mostly Soviet-era equipment in the face of threats from China and Pakistan. At the same time, Saab faces a requirement that at least 85% of the planes be built locally in partnership with Indian firms.