President Dilma Rousseff Announces Brazil Is Buying Sweden's Saab Gripen Jet Fighters

After a decade of discussion, Brazil’s President Dilma Rousseff announced Wednesday the acquisition of 36 Gripen NG fighter jets, from Sweden’s Saab (STO:SAAB-B), for the FX-2 program of the Brazilian Air Force. Defense Minister Celso Amorim and Gen. Juniti Saito, the air force's chief of staff, said at a press conference after the official announcement that the planes will be delivered in 4 years. The total cost of the deal will be $4.5 billion.

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