SAAB remains confident on securing fighter jets contract

Swedish jet maker SAAB remains optimistic of securing an order for its Gripen fighter jets from the Malaysian government, which has now delayed plans to phase out the ageing fleet of 18 Russian-made MIG-29 of the Royal Malaysian Air Force. The replacement plan, worth billions, was deferred by Prime Minister Datuk Seri Mohd Najib Razak as the country focuses on trimming its fiscal deficit.

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