• Sweden edition
 
Saab to cut Swiss Gripen fighter price: report

Saab to cut Swiss Gripen fighter price: report

Published: 08 Feb 2012 15:18 GMT+01:00
Updated: 08 Feb 2012 15:18 GMT+01:00

Swedish defence firm Saab will cut the price on its Gripen fighter jet to ensure that it wins a Swiss order after French planemaker Dassault threatened to undercut its offer, a report said Wednesday.

In November, Dassault lost out on a bid to replace Switzerland's ageing F5 fighter fleet when the Federal Council opted instead to buy 22 Saab Gripen planes for an estimated 3.1 billion francs (2.6 billion euros).

"The price will be less than 3.1 billion (francs), Saab's Switzerland director Anders Carp was quoted by the Swiss daily Tages-Anzeiger as saying.

Sources cited by the newspaper suggested the new price could be between 2.5 and 2.8 billion francs.

It is understood Saab wants to challenge a reported counter-offer by Dassault proposing 18 Rafale planes for 2.7 billion francs.

Dassault sent a letter outlining the proposal to the security commission of the Swiss parliament, which still has to approve the Gripen purchase.

The Swiss government must formally endorse the deal this month and it will then be sent to lawmakers for final approval later this year.

Saab has said Bern can sign the Gripen contract directly with the Swedish government which would act as a guarantor in the event of any difficulty in delivering the aircraft, Hakan Jevrell from the Swedish defence ministry told Tages Anzeiger.

Last month, India announced it had selected Dassault as sole bidder to negotiate a sale of 126 Rafales estimated at $12 billion (9.1 billion euros).

AFP/The Local (news@thelocal.se)

Don't miss...X
Left Right

Your comments about this article

15:42 February 8, 2012 by millionmileman
Whatever it takes because the French Rafale recevied a whooping 136 plane possible order from India last week. Brazil is within grasp and then the NG Gripen is the the best value for money in the world because of its performance.
16:27 February 8, 2012 by BritVik
You can tell that Sarkozy is doing all he can to remain in power. The man is so desperate he will take any steps, however questionable, to keep his presidency, hence encouraging French industry to cut prices and boost the failing economy.
21:41 February 8, 2012 by johan rebel
The Swiss will be pleased to learn that Saab was planning to flleece them to the tune of somewhere between 300 and 600m Swiss francs before the French came along and forced them to reduce the asking price.
16:21 February 9, 2012 by glenquagmaire
Good point @ Johan Rebel... competition brings in the true business value...
17:39 February 9, 2012 by Migga
Dassault lost and was out of the race. That`s when they start rumors about a lower price. A price they would never live up to. But it worked well as a cheap trick to make sure their competators get`s as little out of the deal as possible.
06:03 February 13, 2012 by sunnchilde
The French were probably feeling the pressure to push their Dassault Rafale fighter. Before this India order, they hadn't been able to convince anybody to buy their Rafale fighter. Can't you see how that would be an embarrassment to them? The French are a proud people. Building a main line fighter that nobody else wants and nobody else flies except for them? That's embarrassing.
Today's headlines
Ica pulls contested Easter commercial off TV
Grossed out Ica woman at Easter dinner. Screengrab from Ica

Ica pulls contested Easter commercial off TV

A Swedish supermarket has decided to withdraw its Easter commercial, after Christians complained it made a mockery of communion - "They crossed the line." Sweden's advertising watchdog will now look into the case. READ () »

Dismemberment killer gets sentence cut
The search and rescue operation in northern Sweden. File photo: TT

Dismemberment killer gets sentence cut

The 22-year-old man convicted of murdering his ex-girlfriend in northern Sweden had his sentence reduced on Wednesday, in part due to his "peculiar personality". READ () »

School gas leak sends 25 to hospital

School gas leak sends 25 to hospital

An elementary school in southern Sweden was evacuated on Wednesday and dozens of pupils were taken to hospital after the smell of gas spread through the rooms. READ () »

Swedes vote for country's nicest cock
The Flymen Church weathercock in all its newly gilded glory. Photo: TT

Swedes vote for country's nicest cock

A Swedish churchwarden has reacted with joy upon finding out the parish has Sweden's nicest weathercock. READ () »

Greens push rich tax to finance schools
Per Bolund of The Greens. File photo: TT

Greens push rich tax to finance schools

Sweden's third largest party The Greens revealed its shadow budget on Wednesday, targeting schools and youth employment. High earners would have to pitch in more. READ () »

Holiday status updates 'not a burglary risk'
Ibiza, you say? File photo: Jonas Ekströmer/TT

Holiday status updates 'not a burglary risk'

Mythbusting Swedish researchers have found no link between gushing about your upcoming holiday online and returning to an emptied house. They told The Local that a trip to Ikea could be much more dangerous. READ () »

Woman charged after accusing beggar of theft
The people in this picture are not those from the story. Photo: TT

Woman charged after accusing beggar of theft

A woman in Gothenburg who accused a beggar of robbing her has been charged with fraud and false accusations. READ () »

Swedish royals set baptism date for princess
Photo: Kungahuset

Swedish royals set baptism date for princess

Sweden's royal family has set the date for the baptism of Princess Leonore. READ () »

The Local List
Evidence Game of Thrones is set in Sweden

Evidence Game of Thrones is set in Sweden

With Swedish Game of Thrones fans frothing at the mouth at the season four premiere, The Local revisits its list of ten reasons why the hit books and show are (probably) based in Sweden. READ () »

'Baffling' Swedish raid on German sub makers
The Kockums Malmö shipyard and FMV headquarters. Files: TT

'Baffling' Swedish raid on German sub makers

After the Swedish military raided the Malmö premises of German defence giant Thyssen Krupp, a military expert tells The Local why recent Russian aggression means Sweden's Saab needs to take control of national submarine production. READ () »

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
Who's the prime minister's heir?
Alfie Atkins
Society
Are children's books the key to families integrating in Sweden?
National
'Sweden Dem protests cater to party's martyr image'
National
'Swedish research grants were fantastic, but now it's like Australia'
Society
Only in Sweden: The ten problems you'd never encounter elsewhere
National
Swedes stopped to take my picture, but didn't look me in the eyes
Business & Money
A swipe of the hand replaced cash and cards in Lund
YouTube
Features
Video: Oliver Gee finds out how to embrace The Swedish Hug
TT
National
Abba duo hints at reunion
Private
National
Flash mobs hug it out across Sweden
Finest.se
Gallery
People-watching April 11-13
TT
Politics
Swedes to give six-hour workday a go
Advertisement:
TT
Society
Aussie choir member wows Abba in Sweden
YouTube
Society
Stockholm magic a surprise YouTube hit
Fastighetsbyrån
Society
Gallery: The Local's Property of the Week
Private
Society
Swedes find 200-year-old gravestone in living room
Stockholm School of Economics
Sponsored Article
Why a bachelor's degree is no longer enough
Deepti Vashisht
Features
Deepti Vashisht dissects the magic of Sweden's personal ID number
Shutterstock
Society
Ten signs you've been in Sweden too long
Society
Jimi Fritze heard every word when doctors discussed taking his organs
Society
A Swedish farmer explains why the new bestiality ban is 'pointless'
Society
'Blondes have more brains': Swedish study
TT
Society
VIDEO: Leaked 'Save Slussen' film goes viral
finest.se
Gallery
People-watching, March 28-30
ESL
Sponsored Article
Learning Swedish the easy way
Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Germany

More news from Germany at thelocal.de

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Blog Update: The Diplomatic Dispatch

28 October 15:16

The Green Growth Group Summit »

"Today on the 28 October in Brussels, a large group of key EU Ministers and business people, including UK Secretary of State for Energy and Climate Change Edward Davey, and Swedish Environment Minister Lena Ek, will meet to discuss green growth. They all have a stake in resolving a challenge which, although it is crucial..." READ »

737
jobs available
Swedish Down Town Consulting & Productions
Swedish Down Town Consulting & Productions is an innovative business company which provides valuable assistance with the Swedish Authorities, Swedish language practice and general communications. Call 073-100 47 81 or visit:
www.swedishdowntown.com