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Thursday, March 13, 2014

Czech Republic Signs New Lease Deal for Gripen Fighters

JAS-39 GripenSweden's Defence and Security Export Agency said Wednesday the Czech Republic has approved an agreement to lease 14 Gripen fighter aircraft until at least 2026, opening the way to potential new maintenance contracts for the aircraft's manufacturer, Swedish defense group Saab AB.

The Czech Republic first signed a contract in 2004 to lease 14 Gripen jets from Sweden for a ten-year period. The new 12-year contract, which will be finalized next month, also includes training and upgrades to the aircraft, the agency said. It didn't disclose the value of the deal.

"Saab is happy that the Czech Republic wants to extend the [Gripen lease] deal," the defense group's head of aeronautics, Lennart Sindahl, told the Wall Street Journal Wednesday. "We look forward to providing the country with support and maintenance if they so wish," he added.

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