Thursday, September 2, 2010

Saab Courts Asia, Eastern Europe to Save Gripen Warplane

Saab AB is stepping up a campaign to sell its Gripen warplane in Asia and eastern Europe as Switzerland’s decision to delay a $1 billion fighter purchase threatens to curtail production of the 1,320 mile-per-hour jet. India may announce the preferred supplier for a 126-plane requirement by the end of this year after scrapping an April 27 deadline to select a replacement for Russian-built MiG jets dating to the 1970s, Sindahl said.The $10 billion order is the world’s biggest fighter-jet purchase in 15 years and has attracted bids from Lockheed, Boeing, Dassault, Eurofighter and Russia’s United Aircraft Corp.

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