Sweden Reduces Interest Rate For Brazilian Gripen NG Fighter Deal
Brazil and Sweden have agreed on reducing the commercial interest rate on the purchase of 36 Gripen NG fighter jets for the Brazilian Air Force.
Brazil is now looking at refinancing its procurement of the Saab Gripen fighters after reduction of interest rate from 2.54 to 2.19 per cent applied by the Swedish Export Credit Corporation. The rate is according to the member countries of the Organization for Economic Cooperation and Development (OECD). Since Swedish Krona recently weakened, the jets should be a little cheaper now.
Brazil had decided to cut the amount of funding it planned to take from Sweden in June based on the original US$ 5.4 billion sales contract’s announcement in October 2014.
The revised agreement will now be transferred to Brazil’s Federal Senate to be signed-off. Meanwhile, Brazilian prosecutors announced in April 2015 that they were planning to investigate the $5.4 billion Gripen deal.
Czech Republic To Call Tender For Gripen's On Board Weapons
Saab Offers Gripen Fighters in Fly-Away Condition to India
Eurofighter, Rafale, Super Hornet, F-35, Gripen In Race To Finland’s New Fighter...
Hungary To Ground Gripen Fleet After Second Crash Landing
Israeli Nuclear Research Center Hacked, 20 GB Data Stolen Claim Iranian Hackers
Elbit Systems to Equip U.S. Army Bradley Vehicles with Iron Fist APS...
U.S. Approves South Korea’s Request to buy 4 Early Warning Aircraft Worth...
Japan Launches Military Satellite on Fifth Attempt
Russian Su-57 and Chinese J-20 as Alternatives to the American F-35 Stealth Fighter
As the Russian Su-57 stealth fighter jet enters serial production, the debate over how it stacks up against the American...
NATO’s Intensified Exercises a Prep to Attack Russia?
Recent NATO exercises such as the BALTOPS-24, Steadfast Defender 2024 and its first-ever Basic Fighter Maneuvers exercise have been its...
Precision in the Skies: The Evolution of Loitering Munitions
Loitering munitions - drones that hover over a target and blow up near it - have become the weapon of...
Is the Patriot Air Defense System Outdated?
After Israel revealed its decision to decommission its U
Russia's Growing Influence in Africa: Arms Sales and Military Bases
Russia's expanding influence in Africa, demonstrated by arms sales, military deployments, and diplomatic engagements, reflects a significant geopolitical shift on...