Swedish defense manufacturer Saab has formally presented an offer to Colombia for the sale of an undisclosed number of Gripen fighter jets and is pursuing a similar potential deal with Peru, according to Saab CEO Micael Johansson.
Colombia’s interest in the Gripen jets follows a recent report from Swedish public radio that suggested the country was considering purchasing a fleet of JAS Gripen jets, which Saab produces in part through a joint manufacturing line in Brazil.
"We’ve extended a comprehensive offer, and Colombia is evaluating it," Johansson stated. "We believe our offer is strong, but of course, there’s always competition."
The push in Colombia aligns with Saab's expanding presence in Brazil. Over the weekend, Brazil increased its own order of JAS 39 Gripen fighters by 25%, with an agreement that also included Sweden's acquisition of Brazilian aerospace company Embraer's C-390 military cargo planes. A letter of intent was signed between Swedish Defense Minister Pal Jonson and Brazilian Defense Minister Jose Mucio, with a final contract still pending.
This increased demand has bolstered Saab's manufacturing operations in Brazil, with additional Gripens slated to be assembled at Embraer’s Gaviao Peixoto facility in São Paulo, where production began last year. Saab and Embraer aim to position the facility as a regional hub for Gripen production, facilitating further deals across Latin America.
Saab’s expansion strategy in the region could extend beyond Colombia. Johansson noted that Saab is also actively engaged in discussions with Peru, which has reportedly set aside funding to begin its acquisition process for new fighter jets.
"Brazil serves as an ideal base to support sales in South America," Johansson said, adding that while Colombia’s negotiations are further along, Peru presents another promising opportunity as they have established a budget for aircraft purchases.
Saab's efforts in Latin America come as part of its broader strategy to grow its market presence in the region, capitalizing on its Brazilian production capabilities to meet regional demand. Following the weekend's announcements, Saab’s stock rose approximately 4% on Monday, reflecting investor optimism regarding Saab's progress in Latin America.
