JAKARTA - Sweden signed a sale agreement for four Gripen fighter jets produced by Saab to Thailand.
"This agreement strengthens long-term development opportunities for Swedish warplanes," said Swedish Director General of Defense Material Administration (FMV) Mikael Granholm in a statement.
Saab said in a separate statement the value of the order, which includes three Gripen E jets and one Gripen F, as well as equipment, support, and training, was about 5.3 billion crowns ($556 million) and deliveries would be made in 2025-2030.
Thailand already has a squadron of Gripen C/D fighter aircraft.
Saab shares rose 3% in the afternoon trade.
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