STOCKHOLM Dec 19 Shares in Saab rose
by a quarter on Thursday after Brazil said it would buy 36
Gripen fighter jets for around $4.5 billion in a move seen
improving the Swedish firm's chances of more export contracts.
Its shares spiked by as much as 30 percent in early trade
and were up 24.3 percent at 165.20 crowns at 0928 GMT after
Brazil chose a new version of the Gripen over Boeing's
F/A-18 Super Hornet and Dassault Aviation's Rafale.
"The success in Brazil will probably be of strategic
importance and will provide a door-opener in other contests,"
Swedbank analyst Mats Liss wrote in a note for investors.
Earlier generations of the Gripen have been sold or leased
to South Africa, Thailand, the Czech Republic and Britain as
well as being used by Sweden's own air force.
In September, the Swiss parliament approved a purchase of 22
Gripens, although the $3.4-billion deal, to replace ageing
Northrop F-5 Tiger fighters, is not yet final.
Saab said in September it believed it could sell a total of
400 to 450 Gripens over the next 15 to 20 years.
(Reporting by Stockholm Newsroom; Editing by Alastair