Sweden has signed a $556 million deal to supply Thailand with four Gripen fighter jets between 2025 and 2030.
Sweden has signed a $556 million deal to supply Thailand with four Gripen fighter jets between 2025 and 2030.
Sweden has finalised an agreement to sell four Gripen fighter jets to Thailand, in a deal valued at approximately 5.3 billion Swedish crowns ($556 million).
The Swedish Defence Materiel Administration (FMV) announced the deal on Monday, describing it as a step that reinforces the long-term prospects of Swedish military aircraft. “This strengthens the long-term development opportunities for Swedish warplanes,” FMV Director-General Mikael Granholm said in a statement.
Under the agreement, Saab will deliver three Gripen E jets and one Gripen F model, along with equipment, support, and training. Deliveries are scheduled between 2025 and 2030.
Thailand already operates a squadron of Gripen C/D fighters, and the latest purchase is expected to bolster its fleet further.
Following the announcement, shares of Saab rose by 3% in late morning trading.
Easily access major global news with a strong focus on Africa. As well as the main stories of the day, we like to accentuate positive stories about Africa across all genres including Politics, Business, Commerce, Science, Sports, Arts & Culture, Showbiz and Fashion.
We broadcast 24 hours a day from our studios in London and New York and can be seen here in the UK and across Europe on the Sky platform (Sky channel 516), Freeview (Channel 136) as well as in the USA on the Centric channel and also on the Hot bird platform, which transmits to Europe, North Africa and the Middle East.
—
*Source: [https://www.arise.tv/category/global](https://www.arise.tv/category/global)*