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Saab may award Brazil work on jet to win order

Saab AB, the Swedish maker of the Gripen fighter jet, is prepared to shift as much as 50 percent of the jet’s production to Brazil to help its chances to win a $1.8 billion order, according to a report by Bloomberg.

Final assembly work has already been offered to Embraer, the report said.

Saab needs the Brazilian order to rescue the Gripen as production backlog shrinks. And it will help it in its competition with Boeing.