Brazilian contract for Gripen fighters now in effect

A multibillion dollar contract between Saab and Brazil for the procurement of 36 Gripen NG fighter aircraft is now in effect, the company announced. The status was achieved following the fulfillment of all required conditions of the $4.6 billion agreement signed last year. "This important milestone marks the formal start to the Brazilian Gripen NG program," said Hakan Buskhe, president and chief executive officer of Saab.

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