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Business and Economy

Last Day For Saab To Convince Brazil

Published fredag 2 oktober 2009 kl 14.56
Saab's Gripen fighter jets

Friday marked the last day for Swedish company Saab to convince the Brazilian government to buy its Gripen fighter jets, news wire TT reports. The South American country will now choose between Saab, the French Dassault, and the American Boeing to manufacture 36 planes, an order worth several billions US dollars.

Mats Liss, a Saab analyst at Swedbank, notes that the French company has a better chance. Just recently, Brazilian president Luiz Inacio “Lula” da Silva spoke positively about Dassault’s planes with French president Nicolas Sarkozy.

But Sweden “does of course have a chance,” Liss continued.

Fellow analyst Björn Enarsson described the importance of such an order for both Saab and Sweden. The Brazilian sale “would secure development jobs in Linköping and make it easier to grasp a long-term view of Saab; their future competence would be assured,” he told Swedish Radio News in an interview on Friday.

The Brazilian government is expected to announce its decision on October 23.

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