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Friday, July 17, 2015

Brazil will sign Gripen fighter jet contract soon, minister says

JAS-39 Gripen FBrazil will soon sign the final contract to finance and purchase fighter jets from Sweden's Saab AB, Brazilian Defense Minister Jacques Wagner said on Wednesday nearly one year after an initial agreement had been struck.

Brazil and Sweden have extended their talks since agreeing on the deal last year as Brazil sought to reduce the financing costs of the $5.4 billion sale of 36 Gripen fighter jets, intended to renew Brazil's aging fighter fleet.

"We're fighting against the economic crisis," Wagner said as he visited Air Force units in the northeastern city of Natal, according to a Defense Ministry statement issued late on Wednesday.

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