SAAB Ties up With Adani Group to Build Gripen E fighter jets in India

Swedish defence major SAAB announced its tie-up with Adani Group to manufacture the Gripen E fighter jets in India under the Defence Ministry’s $10 billion single-engine fighter jet procurement programme.

The announcement comes within months of US’ Lockheed Martin announcing its joint venture with Tata Advanced Systems for producing the latest version of F-16 in India.

Important Takeaways from Above News-
  • Mr Gautam Adani is the Chairman and Founder of the Adani Group.
  • Gripen is now being used by the air forces of Hungary, Thailand, South Africa, Brazil and the Czech Republic.
Source- The Hindu Business Line

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