IBOV 173,371.35 ▼ 0.20% IPSA 10,896.87 ▲ 0.10% IPC MEX 66,615.43 ▲ 0.39% MERVAL 3,223,652 ▲ 0.74% COLCAP 2,298.34 — 0.00% BVL PERÚ 55,645.90 — — USD/BRL5.09▼ 0.38% USD/MXN17.42▼ 0.70% USD/CLP933.60▼ 0.15% USD/COP3,255▼ 0.07% USD/PEN3.39▼ 0.06% USD/ARS1,481▲ 0.17% USD/UYU40.19▼ 0.10% USD/PYG6,031▼ 0.03% USD/BOB10.75▲ 0.94% USD/DOP58.25▲ 0.02% USD/CRC447.35▲ 0.28% USD/GTQ7.62▼ 0.05% USD/HNL26.74— 0.00% USD/NIO 36.62 — 0.00% USD/VES735.09▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 0.13% USD/TTD6.73▼ 0.21% EUR/BRL5.81▼ 0.56% BRENT 89.00 ▲ 1.02% WTI 82.61 ▲ 0.15% IRON ORE 161.91 — — COPPER 6.34 ▲ 1.91% GOLD 4,011 ▼ 0.05% SILVER 56.57 ▲ 0.94% SOY 1,225 ▲ 1.70% CORN 472.50 ▲ 6.24% WHEAT 672.75 ▼ 1.46% COFFEE 323.50 ▼ 1.51% SUGAR 14.81 ▼ 0.13% ORANGE JUICE 146.90 ▲ 6.30% COTTON 78.88 ▲ 2.35% COCOA 5,507 ▼ 0.47% BEEF 223.30 ▼ 0.50% CATTLE 346.78 ▲ 0.24% LITHIUM 66.92 ▼ 2.14% PETR4 41.15 ▲ 0.61% VALE3 71.93 ▼ 1.38% ITUB4 42.30 ▲ 0.81% BBDC4 18.41 ▲ 0.66% ABEV3 15.79 ▲ 1.02% BBAS3 20.17 ▼ 1.56% B3SA3 15.26 ▲ 0.39% WEGE3 43.13 ▼ 1.15% PRIO3 57.69 ▼ 0.28% SUZB3 41.89 ▼ 0.10% RENT3 37.49 ▼ 1.94% AZZA3 18.17 ▼ 2.26% CSAN3 3.82 ▼ 0.52% RAIZ4 0.27 ▼ 6.90% PCAR3 2.60 — 0.00% GMAT3 3.85 ▼ 0.77% PSSA3 54.20 ▼ 1.70% CVCB3 1.08 ▼ 11.48% POSI3 3.70 ▼ 2.63% SLCE3 13.57 ▲ 0.30% NATU3 8.63 ▲ 0.94% BRKM5 5.94 ▼ 4.04% RANI3 7.99 ▲ 0.50% CSNA3 5.07 ▲ 0.40% CMIN3 5.39 ▲ 1.13% USIM5 8.16 ▼ 0.85% GGBR4 23.62 ▼ 1.75% ENEV3 25.65 ▼ 0.12% CPFE3 46.32 ▼ 1.17% CMIG4 11.02 ▼ 0.90% EQTL3 39.29 ▼ 0.53% LREN3 13.31 ▼ 0.82% VIVT3 35.67 ▲ 0.42% RAIL3 13.57 ▼ 0.95% KLABIN 17.48 ▼ 0.57% RAIA DROGASIL 18.69 ▲ 0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 670.50 ▲ 0.98% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 293.75 ▼ 1.34% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 65,192 ▲ 0.77% ETH 1,901 ▲ 1.58% SOL 77.69 ▲ 1.75% XRP 1.11 ▲ 1.52% BNB 570.37 ▼ 0.01% ADA 0.17 ▲ 2.42% DOGE 0.07 ▼ 0.30% AVAX 6.58 ▲ 1.92% LINK 8.58 ▲ 2.54% DOT 0.83 ▲ 0.95% LTC 47.35 ▲ 0.65% BCH 220.40 ▲ 2.57% TRX 0.33 ▼ 0.12% XLM 0.19 ▲ 0.20% HBAR 0.07 ▲ 0.35% NEAR 1.98 ▲ 3.21% ATOM 1.50 ▲ 1.36% AAVE 89.68 ▲ 0.39% SELIC 14.25% EMBRAER 83.29 ▲ 1.88% EMBRAER ADR 65.93 ▲ 2.87% JBS 12.03 ▲ 1.01% JBS BDR 60.79 ▲ 0.98% MBRF3 14.52 ▼ 3.39% MBRFY 2.91 — 0.00% INTER 5.62 ▲ 4.66% EGX 53,126 ▲ 1.08% USD/ZAR16.50▼ 0.27% USD/NGN 1,376 — 0.00% NIKKEI 64,141 ▼ 4.03% CSI300 4,598 ▲ 1.53% HSI 25,143 ▲ 2.36% NIFTY 24,239 ▼ 0.39% KOSPI 6,516 ▼ 4.46% JCI 6,232 ▲ 0.91% 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0.75% RDOR3 35.45 ▼ 0.92% HAPV3 11.55 ▲ 1.49% FLRY3 16.56 ▼ 0.18% SMTO3 15.41 ▼ 0.26% UGPA3 31.70 ▼ 1.15% VBBR3 34.11 ▼ 2.32% BBSE3 41.05 ▼ 0.17% BPAC11 55.84 ▼ 0.61% CURY3 30.19 ▼ 1.57% AERI3 2.07 ▲ 2.48% VIVARA 21.96 ▼ 2.14% COMPASS 24.60 ▼ 1.13% VAMOS 3.09 ▼ 2.52% SANB11 27.01 ▲ 1.35% ASAI3 8.14 ▼ 4.24% SBSP3 28.98 ▼ 0.82% WALMEX 49.38 ▼ 0.22% GMEXICO 201.45 ▲ 0.42% FEMSA 226.85 ▲ 0.49% CEMEX 21.81 ▼ 4.05% GFNORTE 180.00 ▼ 0.74% BIMBO 59.31 ▲ 2.26% TELEVISA 9.71 ▲ 1.46% AMX 22.74 ▼ 1.13% GAP 378.19 ▼ 2.02% ASUR 274.37 ▼ 1.91% OMA 226.42 ▼ 1.82% KOF 180.95 ▲ 0.11% GRUMA 287.60 ▲ 0.39% KIMBER 38.39 ▼ 0.72% SQM-B 63,400 ▼ 3.13% COPEC 6,345 ▲ 1.53% BSANTANDER 78.90 ▲ 2.47% FALABELLA 5,850 ▲ 0.26% ENELAM 84.67 ▲ 0.75% CENCOSUD 2,005 ▲ 0.50% CMPC 1,088 ▲ 1.68% BANCO CHILE 189.95 ▲ 0.77% LATAM AIR 24.36 ▼ 1.62% YPF 79,200 ▲ 1.67% GGAL 7,845 ▼ 0.19% PAMPA 5,270 ▲ 1.93% TXAR 670.50 ▲ 0.98% ALUAR 959.50 ▲ 1.05% TGS 9,500 ▲ 1.39% CEPU 2,289 ▲ 1.10% MIRGOR 17,125 ▲ 1.48% COME 42.95 ▼ 2.03% LOMA NEGRA 3,558 ▲ 0.99% BYMA 293.75 ▼ 1.34% TELECOM ARG 4,145 ▼ 0.12% ECOPETROL 16.04 ▼ 0.34% BANCOLOMBIA 80.82 ▲ 0.51% GRUPO AVAL 4.95 ▲ 0.61% CREDICORP 386.85 ▼ 0.96% SOUTHERN COPPER 175.07 ▲ 1.50% BUENAVENTURA 30.06 ▼ 0.60% MERCADOLIBRE 1,832 ▲ 1.02% NUBANK 13.99 ▲ 2.94% XP 16.80 ▲ 0.78% PAGSEGURO 9.29 ▲ 2.77% STONE 11.12 ▼ 0.27% GLOBANT 32.29 ▲ 0.19% TECNOGLASS 46.11 ▼ 0.80% GAP AIRPORT 217.12 ▼ 1.72% ASUR 274.37 ▼ 1.91% OMA AIRPORT 104.01 ▼ 1.23% AMX ADR 26.10 ▼ 0.65% FEMSA ADR 130.01 ▲ 0.77% CEMEX ADR 12.49 ▼ 3.70% PETROBRAS ADR 18.19 ▲ 1.22% VALE ADR 14.10 ▼ 0.63% ITAU ADR 8.32 ▲ 1.46% SANTANDER BR 5.38 ▲ 2.67% AMBEV ADR 3.08 ▲ 1.65% CSN 1.01 ▲ 2.02% GERDAU 4.68 ▼ 0.85% LATAM ADR 51.74 ▼ 1.56% BTC 65,192 ▲ 0.77% ETH 1,901 ▲ 1.58% SOL 77.69 ▲ 1.75% XRP 1.11 ▲ 1.52% BNB 570.37 ▼ 0.01% ADA 0.17 ▲ 2.42% DOGE 0.07 ▼ 0.30% AVAX 6.58 ▲ 1.92% LINK 8.58 ▲ 2.54% DOT 0.83 ▲ 0.95% LTC 47.35 ▲ 0.65% BCH 220.40 ▲ 2.57% TRX 0.33 ▼ 0.12% XLM 0.19 ▲ 0.20% HBAR 0.07 ▲ 0.35% NEAR 1.98 ▲ 3.21% ATOM 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since 2009
Monday, July 20, 2026

Defense Monitor

Brazil Eyes 20 More Swedish Gripen Jets, Skipping Rafale

· Monday, July 20, 2026 · 5 min read

Brazil · Defense

Key Facts

The signal. Sweden says Brazil could order around 20 more Saab Gripen fighters, on top of the 36 already contracted.

Not the Rafale. Brazil is favouring more Gripens rather than adding France’s Dassault Rafale, avoiding the cost of running two fighter types.

The milestone. Brazil’s F-39, its locally assembled Gripen E, flew its first multinational exercise abroad, at Salitre 2026 in Chile.

What it replaces. The new jets would retire Brazil’s ageing American-built F-5 fighters, in service for decades.

The bet. The move deepens a Sweden–Brazil industrial partnership built on technology transfer and local production.

Brazil is preparing to widen one of Latin America’s largest defence deals. Sweden has signalled that a follow-on Brazil Gripen order of around 20 additional fighters is on the table, extending a partnership that is already reshaping the country’s air force.

Brazil Moves to Buy 20 More Gripens After Setting Aside France’s Rafale. (Photo internet reproduction)
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The indication came on the sidelines of a meeting in Stockholm, where the Swedish and Brazilian defence ministers signed an agreement to deepen technological cooperation, according to AeroTime. Brazil has so far contracted 36 Gripen E/F jets; the new tranche would push the fleet toward 56.

Why Brazil chose more Gripens over the Rafale

France’s Dassault had offered Brazil its Rafale, but Brasília has leaned toward buying more of what it already flies. Running a single fighter type keeps one logistics chain, one training pipeline and one maintenance base, rather than splitting the force across two aircraft.

There is also the sunk investment to protect. Brazil has spent years building the local infrastructure and skills to assemble and support the Gripen, Army Recognition reports, and adding a second platform would dilute that return. The extra jets are intended to replace the air force’s ageing F-5s.

For a foreign reader, the choice between a single fleet and a mixed fleet is a classic air-force calculation. Every fighter type demands its own spare parts, specialist tools, ground equipment and a dedicated team of mechanics and pilots qualified on that specific aircraft.

A second type essentially doubles that overhead, which is why many medium-sized air forces try to avoid it unless a strategic need forces their hand.

The Rafale is a twin-engine, carrier-capable fighter that has won orders in India, Egypt and elsewhere. It is a capable aircraft, but introducing it would mean Brazil would have to stand up a separate supply line from France while still paying for the Gripen ecosystem it has already built with Saab.

That math rarely favours the newcomer.

The F-39 makes its debut abroad

The procurement news coincides with an operational first. Six F-39E Gripens, the Brazilian designation for the locally assembled Gripen E, took part in Salitre 2026 in Chile, the jet’s first multinational exercise outside Brazil, Saab said.

Flying from Cerro Moreno Air Base in Antofagasta, the aircraft ran air-defence, escort and patrol missions alongside jets from Chile, Argentina, Colombia, the United States and Paraguay. For an air force that has waited years to field a modern supersonic fighter of its own, deploying it abroad is a statement of readiness.

Multinational exercises like Salitre serve a purpose beyond the flying itself. They let crews practise communicating across language barriers, test how their jets perform in unfamiliar airspace and weather, and build the personal relationships that matter when real crises unfold.

For Brazil, showing that a locally assembled fighter can hold its own alongside US. and regional partners is a quiet but important validation of the Gripen programme.

Why it matters for the region

A larger Gripen fleet consolidates Brazil as the region’s most ambitious air power and cements Sweden as its partner of choice over the traditional American and French suppliers. The technology-transfer model, building jets on Brazilian soil, is also what Brasília wants to sell to neighbours weighing their own fleets.

The follow-on order is not yet signed, and deals of this size move slowly from intent to contract. But the direction is set: Brazil is building its air force around one Swedish fighter, at home.

The broader significance stretches beyond the cockpit. A defence partnership built on technology transfer, rather than a simple off-the-shelf sale, gives the buyer something it can use long after the assembly line stops: a domestic workforce that knows how to upgrade, repair and eventually modify the aircraft.

That is a model Brazil has championed in other sectors, and it is now applying it to its fighter fleet.

What to watch next is whether the follow-on contract materialises on the timeline Sweden has hinted at, and at what price. Defence budgets in Brazil face competing demands, and a formal signature will depend on fiscal room as much as strategic intent.

Another open question is whether any neighbouring country, watching Brazil’s experience with local assembly, decides to pursue a similar arrangement for its own ageing fighters.

Frequently Asked Questions

How many Gripen fighters will Brazil have?

Brazil has contracted 36 Saab Gripen E/F jets. Sweden has signalled a possible follow-on order of about 20 more, which would take the fleet toward 56 aircraft.

What is the F-39?

F-39 is Brazil’s designation for the Saab Gripen E, assembled locally under a technology-transfer deal. It is the country’s first domestically produced supersonic fighter, and it recently flew its first exercise abroad at Salitre 2026 in Chile.

Did Brazil reject France’s Rafale?

Brazil has favoured buying more Gripens over adding Dassault’s Rafale. Officials point to the cost of operating two fighter types and the investment already made in Gripen production and support in Brazil.

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