SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Saab's Gripen deal with Thailand moves closer

Saab's Gripen deal with Thailand is getting closer. A process is underway where a contract is being negotiated. We are now working together with the Swedish state to create an agreement between Sweden and Thailand, says CEO Micael Johansson.

» Updated: 22 October 2024, 09:30

» Published: 22 October 2024

Saab's Gripen deal with Thailand moves closer
Photo: Jessica Gow/TT

We have been selected as a preferred bidder and then Sweden has received a letter stating that this is the case, and then a process is initiated to negotiate a contract, says Micael Johansson to TT in connection with the defense group's report for the third quarter.

It is already known that Thailand's defense has recommended Saab's air force Gripen.

Where is the ball, with the Thai parliament or government?

The ball is now in a phase where they are planning how to set up a negotiation team, how to initiate this. That's the phase we're in. So the ball isn't with any specific decision anywhere right now. Now it's a process that needs to be run to reach a contract, says Micael Johansson.

"Leads to a contract"

Have the politicians said yes to this? Has the Thai government said yes?

The only thing we know is that we have been selected as a preferred bidder and then Sweden has received a letter stating that this is the case, and then a process is initiated to negotiate a contract. I don't know anything more about that question, but then everyone assumes that this will be a planned process that leads to a contract, says Johansson.

You don't initiate a negotiation if you don't intend to reach a contract. So it's strongly implied in that sense that we have received a preferred bidder, he continues.

Whether the process takes three or six months is hard to say.

But we have been selected in Thailand and that's very positive, says he, but emphasizes that no contract is finalized yet.

Order increase of 41 percent

Saab reported, as usual nowadays in a world of war and unrest, a strong result. The operating profit for the third quarter rose to nearly 1.2 billion kronor, which is an increase of 38 percent compared to the same period last year.

The order intake during the third quarter increased by 41 percent and amounted to nearly 21.2 billion kronor. Revenues rose by 2 billion to 13.5 billion kronor "with growth in all business areas".

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Took a tough stance on crypto companies - resigns
1 MIN READ

Took a tough stance on crypto companies - resigns

Ingvar Carlsson on PG: "A very loyal friend"
2 MIN READ

Ingvar Carlsson on PG: "A very loyal friend"

No Wage Guarantee in American Process
1 MIN READ

No Wage Guarantee in American Process

He became "PG" to the entire Swedish people
3 MIN READ

He became "PG" to the entire Swedish people

PG Gyllenhammar has died: "meant a lot"
1 MIN READ

PG Gyllenhammar has died: "meant a lot"

Unstable US stock market ends on a plus
1 MIN READ

Unstable US stock market ends on a plus

Temu's owner shows its hand
1 MIN READ

Temu's owner shows its hand

Nvidia rises in pre-trading on Wall Street
1 MIN READ

Nvidia rises in pre-trading on Wall Street

Reconstruction in the USA to save Northvolt
3 MIN READ

Reconstruction in the USA to save Northvolt

Northvolt: Negotiations are still ongoing
3 MIN READ

Northvolt: Negotiations are still ongoing

Higher Compensation for Job Interviews in Another Location
1 MIN READ

Higher Compensation for Job Interviews in Another Location

Vehicle Giant Warns of Challenges in 2025
1 MIN READ

Vehicle Giant Warns of Challenges in 2025

Unchanged interest rate in Turkey
1 MIN READ

Unchanged interest rate in Turkey

Trump anxiety in the EU over US tariffs
3 MIN READ

Trump anxiety in the EU over US tariffs

Weak demand for scrapping premium
1 MIN READ

Weak demand for scrapping premium

E-fuel company takes in half a billion
1 MIN READ

E-fuel company takes in half a billion

New Report Boost for AI Giant Nvidia's Share
2 MIN READ

New Report Boost for AI Giant Nvidia's Share

Stockholm Stock Exchange Turned Upwards
1 MIN READ

Stockholm Stock Exchange Turned Upwards

Bitcoin closer to the dream limit
1 MIN READ

Bitcoin closer to the dream limit

Higher fee to stop burning of plastic
2 MIN READ

Higher fee to stop burning of plastic