Saab, which pitches it cars as jets on the roads, announced today that it is teaming up with India’s Tata to build a version Gripen fighter jet. The $12 billion dollar deal is a chance for Tata to get in on the biggest fighter jet deal in the world in years.
Executive Kjell Moller said that Saab is competing with companies from Russia, Europe and the U.S. to sell a total of 126 fighter jets to the Indian air force.
India is looking to begin testing in April and said that it will buy about 24 units in flying condition and will built the remaining 100 at a state-run facility. The Indian air-force is the world’s fourth largest and has 51 Mirage-2000 war planes built by Dassault.