Colombia Signs $3.6 Billion Deal with Saab for New Gripen Fighter Jets

Colombia Signs $3.6 Billion Deal with Saab for New Gripen Fighter Jets

Post by : Saif

Colombia has taken a major step to upgrade its air force. The country has signed a very large deal worth 3.1 billion euros, which is about 3.6 billion dollars, with the Swedish defence company Saab. Under this agreement, Colombia will receive 17 advanced Gripen fighter jets over the next five years.

Saab confirmed the deal on Friday. The company will provide 15 Gripen E single-seat jets and two Gripen F dual-seat jets. Along with the aircraft, Saab will also take part in two important offset agreements. These agreements will help Colombia develop defence technology, improve infrastructure, and support both military and civilian projects. This means the deal is not only about buying jets but also about building long-term cooperation.

The Gripen fighter jet is known around the world for its strong performance and affordable cost. It is a fourth-generation, single-engine supersonic aircraft. It can be used for many purposes, such as fighting enemy aircraft, carrying out precision attacks, and gathering intelligence from the sky. Many countries choose the Gripen because it offers high technology at a lower price than fifth-generation fighters like the U.S. F-35.

Earlier in April, Colombia’s Aerospace Force commander, Carlos Silva, said the country was planning to buy between 16 and 24 new jets. Colombia had several options to choose from. Besides Saab’s Gripen, the country also looked at the French Rafale jets made by Dassault and the American F-16 jets made by Lockheed Martin. After careful study, Colombia selected the Gripen because it matched its needs for modern technology, future development, and cost-effective operation.

This purchase also strengthens Colombia’s relationship with Sweden and follows the example of Brazil. Brazil has already bought 36 Gripen jets from Saab, and the two countries built an aircraft assembly plant together. This partnership has helped Brazil grow its defence industry, and Colombia may also benefit in a similar way.

Experts say this deal shows Colombia’s desire to modernize its military and prepare for future challenges. The country wants strong air defence, faster response ability, and better national security. With these new jets, Colombia’s air force will have more power, speed, and advanced technology than before.

For Saab, this deal is another major success in the international market. The company continues to present the Gripen as a smart and affordable choice for countries that want high-quality fighter jets without extremely high costs.

The agreement will take several years to complete, but once all 17 jets are delivered, Colombia will have one of the most modern fighter jet fleets in the region. This marks an important moment for the country’s defence strategy and its plans for future growth.

Nov. 15, 2025 12:43 p.m. 118

#trending #latest #Colombia #Saab #GripenJets #DefenceDeal #ArmustNews #MilitaryUpgrade #Aerospace #Sweden #FighterJets #GlobalDefence

Republican State AGs Oppose $85B Union Pacific–Norfolk Southern Rail Merger
Nov. 15, 2025 5:21 p.m.
Nine Republican state attorneys general warn that Union Pacific’s $85B merger with Norfolk Southern may harm competition, raise prices, and threaten national se
Read More
Google Ad Tech Trial Closing Arguments Delayed to November 21
Nov. 15, 2025 4:17 p.m.
The final arguments in the U.S. antitrust case against Google’s advertising technology business have been delayed to November 21, as the court decides whether G
Read More
US Jury Orders Apple to Pay Masimo $634 Million in Smartwatch Patent Dispute
Nov. 15, 2025 3:09 p.m.
A U.S. jury has ruled that Apple must pay Masimo $634 million for using patented blood-oxygen technology in Apple Watches
Read More
China Plans Stronger Fiscal Policy for the Next Five Years
Nov. 15, 2025 2:05 p.m.
China’s finance minister Lan Foan says the country will boost fiscal policy, increase support for key sectors and use tools like taxation, bonds and subsidies t
Read More
Nervous Wall Street Awaits Nvidia Results as Tech Stocks Lose Momentum
Nov. 15, 2025 1:22 p.m.
Wall Street investors are watching Nvidia’s upcoming earnings report closely as tech stocks face turbulence and concerns about an AI-driven market bubble grow
Read More
Tech Giants Pour Billions Into AI Infrastructure as Global Demand Rises
Nov. 15, 2025 1:18 p.m.
Tech companies worldwide are spending heavily on new data centers, chips and cloud systems as demand for AI tools reaches record levels
Read More
Bitcoin sinks to lowest level in six months as risk fears rise
Nov. 15, 2025 12:54 p.m.
Bitcoin drops sharply as investors avoid risky assets and expectations for a U.S. rate cut weaken. Crypto market loses $1 trillion in value
Read More
Berkshire Hathaway buys big Alphabet stake and reduces Apple holdings
Nov. 15, 2025 12:59 p.m.
Berkshire Hathaway reveals a new $4.3 billion investment in Alphabet while selling more Apple shares in Warren Buffett’s final portfolio report as CEO
Read More
Traders Doubt a December Rate Cut as Fed Leaders Show Different Views
Nov. 15, 2025 12:46 p.m.
Traders now see a 60% chance that the U.S. Federal Reserve will not cut interest rates in December, as several Fed officials warn about inflation while others p
Read More
Sponsored
Trending News