The Brazilian government announced Wednesday that it would buy 36 Gripen fighter jets from Saab.
The deal came as a surprise to investors who had been expecting Boeing (Fortune 500) to win the lucrative contract. ,
Brazilian officials sidestepped questions about how the spying scandal may have affected the decision.
Speaking at a news conference late Wednesday, Defense Minister Celso Amorim said Saab was chosen for three main reasons: cost, performance and the ease of completing technology transfers.
The competition for the contract had dragged on for roughly a decade, with France's Dassault ( also in the running. )
The deal will see Saab deliver 36 new Gripen aircraft to Brazil's air force by 2023.
The Brazilian air force said the Swedish fighter jets will replace older Dassault-made aircraft.
Countries already using the Gripen include Sweden, Hungary, Czech Republic, South Africa and Thailand.
|NJ agrees to ban Tesla direct sales|
|Inside the underground sex economy|
|Five predictions for the World Wide Web that were way, way, way off|
|Premarkets: China concerns hitting sentiment|
|West prepares sanctions against Russia over Ukraine|
|Overnight Avg Rate||Latest||Change||Last Week|
|30 yr fixed||4.35%||4.32%|
|15 yr fixed||3.38%||3.33%|
|30 yr refi||4.37%||4.33%|
|15 yr refi||3.37%||3.35%|
Today's featured rates: