Saab's Brazil Jet Contract Boosts Defense Group's Strategy

Saab SAAB ABs's win of a coveted contract in Brazil gives a significant lift to the Swedish defense group's strategy of offering value for money as it competes for the world's defense-procurement dollars. Brazil ended a lengthy process to replace its aging fleet of fighter jets by selecting the latest "E" version of Saab's JAS Gripen jet fighter in a deal worth $4.5 billion. Boeing Co. and France's Dassault Aviation competed on winning the contract, which calls for 36 fighter jets.

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