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Sweden’s Saab invests in Brazil’s aerospace defence industry

Tuesday, May 29th 2012 - 17:47 UTC
Full article 5 comments
The Gripen fighter jet flown by six countries and which Saab wants to add Brazil The Gripen fighter jet flown by six countries and which Saab wants to add Brazil

Sweden's premier defense and security company, Saab, is strengthening its relationship with a Brazilian integrator of aero-structures. Saab, manufacturer of the Gripen jet fighter that has partnered in the past with the company Akaer, said it is now financially investing in the company.

The investment is equivalent to a 15% stake in Akaer, whose advisory board will now include the Swedish company.

“Akaer and Saab share aero-structural synergies and together we can meet the demands in aero-structures assemblies to the aerospace industry. I am certain our partnership will guarantee both quality and long-term business,” said Cesar da Silva, Akaer's chief executive officer.

Akaer is an engineering company that specializes in the development of aero-structures and management of turnkey aerospace and defense projects. In 2009, Saab contracted it to design components for its Gripen fighter, a lightweight, single-engine fighter jet flown by six countries. Akaer's work on the Gripen focused on the aircraft's rear fuselage, mid- fuselage and wing, including main landing gear doors.

Engineers from Akaer were sent to Sweden for on-the-job training. In 2010, Akaer facilities in Brazil were prepared and certified for work related to the Gripen.

Saab said its investment in Akaer is an important step toward further future design, development and production of the fighter in Brazil as well as enhancing Saab's participation in various Brazilian aerospace and defense programs.

“Brazil is an important and growing market for Saab, and with this growing partnership with Brazilian industry, Saab can together deliver key next generation technical and military capabilities providing for national autonomy in future design, development and operation,” said Saab Senior Vice President Dan Jangblad.

“Our cooperation will also be strengthened by meeting technical and commercial objectives from the Gripen NG project related to current work packages”, he added.

Although Saab will be part of Akaer's advisory board, Akaer said it will remain an independent entity. It will continue to be controlled and managed by its founder and current management team. Akaer has been in operation since 1992.

Brazil is considering a next-generation fighter for its armed forces and Saab is pushing the Gripen. As part of its expanding footprint in the country and region, it recently strengthened its partnership with AEL Sistemas for development, production and logistical support of Gripen avionics.

It has also started an online collaboration venture with the Swedish Brazilian Innovation & Research Center to help prepare proposals for Brazilian government projects.

Categories: Politics, Brazil, International.

Top Comments

Disclaimer & comment rules
  • briton

    to grow far to quickly, and leaving the poor behind, wont help you future .
    but could we aid [others]

    May 29th, 2012 - 07:00 pm 0
  • cLOHO

    Good old Saab aerospace a great uk company sold it last year by bae.

    May 29th, 2012 - 07:58 pm 0
  • RobWilliams


    BAEs shares when they sold were much lower than when they bought it (50% in 1995, 35%ish in 1998 and around 20% when they sold) because BAE were developing a competitor (Eurofighter).

    Besides, there was talk of bribery/corruption about the Gripen winning a few of it's contracts and so they cut themselves out of the deal.

    It was never considered a 'UK' company, always a Swedish company, even at 50%

    May 29th, 2012 - 08:19 pm 0
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