IBOV 166,841.38 ▼ 0.43% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL5.49▲ 0.49% USD/MXN18.75▲ 0.69% USD/CLP977.23▲ 1.11% USD/COP3,236▼ 0.44% USD/PEN3.44— 0.00% USD/ARS1,546▼ 0.13% USD/UYU40.22▲ 3.24% USD/PYG6,031▲ 4.22% USD/BOB11.94▲ 1.91% USD/DOP59.90▼ 0.99% USD/CRC449.63▲ 2.27% USD/GTQ7.64▲ 3.17% USD/HNL26.87▼ 0.09% USD/NIO36.62▲ 0.07% USD/VES892.65▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.79▲ 2.67% USD/TTD6.64▲ 1.14% EUR/BRL6.16▲ 0.34% BRENT 97.07 ▲ 2.59% WTI 90.44 ▲ 2.63% IRON ORE 161.91 — — COPPER 6.29 ▼ 1.83% GOLD 4,123 ▲ 1.23% SILVER 52.55 ▲ 0.82% SOY 1,194 ▲ 0.02% CORN 441.00 ▼ 0.73% WHEAT 601.50 ▲ 0.50% COFFEE 276.85 ▼ 1.04% SUGAR 18.68 ▲ 1.14% ORANGE JUICE 135.95 ▲ 3.38% COTTON 78.45 ▲ 0.44% COCOA 5,268 ▼ 3.45% BEEF 213.55 ▼ 2.04% CATTLE 317.58 ▼ 4.35% LITHIUM 60.67 ▼ 1.96% PETR4 46.60 ▼ 1.10% VALE3 62.90 ▲ 0.88% ITUB4 39.79 ▲ 0.20% BBDC4 13.89 ▼ 1.21% ABEV3 15.43 ▲ 1.18% BBAS3 16.42 ▼ 0.42% B3SA3 14.17 ▼ 0.91% WEGE3 47.92 ▼ 4.26% PRIO3 62.20 ▲ 0.10% SUZB3 51.84 ▼ 0.97% RENT3 29.37 ▼ 0.31% AZZA3 14.11 ▲ 1.00% CSAN3 2.53 ▲ 5.86% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.59 ▲ 1.70% PSSA3 43.36 ▼ 3.41% CVCB3 0.82 ▲ 1.23% POSI3 3.15 ▼ 0.63% SLCE3 16.16 ▼ 2.65% NATU3 5.23 ▼ 3.51% BRKM5 2.98 ▼ 2.30% RANI3 8.51 ▼ 1.39% CSNA3 4.04 ▼ 0.98% IBOV 166,841.38 ▼ 0.43% IPC MEX 70,819.80 ▲ 0.91% MERVAL 2,848,945 — — USD/BRL 5.49 ▲ 0.49% USD/MXN 18.74 ▲ 0.62% USD/CLP 977.15 ▲ 1.10% USD/COP 3,225 ▼ 0.77% USD/PEN 3.45 ▲ 0.03% USD/ARS 1,545 ▼ 0.16% USD/UYU 40.22 ▲ 3.24% USD/PYG 6,031 ▲ 4.22% USD/BOB 11.94 ▲ 1.91% USD/DOP 59.90 ▼ 0.99% USD/CRC 449.63 ▲ 2.27% USD/GTQ 7.64 ▲ 3.17% USD/HNL 26.87 ▼ 0.09% USD/NIO 36.62 ▲ 0.07% USD/VES 892.65 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.67% USD/TTD 6.64 ▲ 1.14% EUR/BRL 6.16 ▲ 0.25% BRENT 97.07 ▲ 2.59% WTI 90.44 ▲ 2.63% IRON ORE 161.91 — — COPPER 6.29 ▼ 1.83% GOLD 4,123 ▲ 1.23% SILVER 52.55 ▲ 0.82% SOY 1,194 ▲ 0.02% CORN 441.00 ▼ 0.73% WHEAT 601.50 ▲ 0.50% COFFEE 276.85 ▼ 1.04% SUGAR 18.68 ▲ 1.14% ORANGE JUICE 135.95 ▲ 3.38% COTTON 78.45 ▲ 0.44% COCOA 5,268 ▼ 3.45% BEEF 213.55 ▼ 2.04% CATTLE 317.58 ▼ 4.35% LITHIUM 60.67 ▼ 1.96% PETR4 46.60 ▼ 1.10% VALE3 62.90 ▲ 0.88% ITUB4 39.79 ▲ 0.20% BBDC4 13.89 ▼ 1.21% ABEV3 15.43 ▲ 1.18% BBAS3 16.42 ▼ 0.42% B3SA3 14.17 ▼ 0.91% WEGE3 47.92 ▼ 4.26% PRIO3 62.20 ▲ 0.10% SUZB3 51.84 ▼ 0.97% RENT3 29.37 ▼ 0.31% AZZA3 14.11 ▲ 1.00% CSAN3 2.53 ▲ 5.86% RAIZ4 27.57 ▲ 1.73% PCAR3 2.39 ▲ 3.91% GMAT3 3.59 ▲ 1.70% PSSA3 43.36 ▼ 3.41% CVCB3 0.82 ▲ 1.23% POSI3 3.15 ▼ 0.63% SLCE3 16.16 ▼ 2.65% NATU3 5.23 ▼ 3.51% BRKM5 2.98 ▼ 2.30% RANI3 8.51 ▼ 1.39% CSNA3 4.04 ▼ 0.98%
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Thursday, November 5, 2026

Brazil Eyes Used F-16s Amid High Gripen Costs

By · June 16, 2024 · 2 min read

Facing high costs of the Gripen program, the Brazilian Air Force (FAB) considers buying used American F-16 aircraft.

The FAB sees this as a temporary national defense solution. This announcement, confirmed by the FAB, has caused significant debate within military circles.

The FAB stated the analysis does not relate to Gripen’s capabilities. They have no negotiations with governments or companies.

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They are collecting data without defined quantities or versions. However, this challenges the philosophy behind the Gripen program.

Financial concerns and project timelines drive this consideration. Sources in President Lula’s government believe this aims to pressure Sweden.

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The government wants better terms for additional Gripen acquisitions. Last September, the government proposed a deal involving Embraer KC-390 cargo planes.

Brazil Eyes Used F-16s Amid High Gripen Costs.
Brazil Eyes Used F-16s Amid High Gripen Costs.
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They plan to exchange these for an increase in the 2014 Gripen contract. The original Gripen deal cost 39.3 billion Swedish crowns, just below $4 billion today.

The Swedish government finances this over 25 years. However, the FAB must make advance payments.

From 2019 to 2023, payments reached R$7.7 ($1.45) billion, with R$1.2 billion last year. The current production pace makes the delivery schedule unfeasible.

The F-16 is abundant in global stockpiles. Ukraine chose it to bolster defenses against Russia.

Argentina, under President Javier Milei, bought 24 used F-16s from Denmark for $300 million.

This is a fraction of the estimated cost for 14 new Gripens. Brazil shows interest in 24 C/D generation F-16s, less obsolete than those bought by Argentina.

While the F-16 is less capable than the Gripen, it suits Brazil’s needs. Brazil’s air defense relies on modernized F-5s and AMX attack models.

Brazil Eyes Used F-16s Amid High Gripen Costs

These will be replaced by the Gripen. However, many units are nearing retirement. Shelf-ready F-16s could serve as an interim solution.

The seven Gripens already received are still in missile testing. Their first official mission is scheduled for November.

Brazil’s deal with Sweden includes Iris-T and Meteor missiles. The Iris-T can integrate into F-16s.

The Meteor missiles require more costly adaptations. Acquiring F-16s would not harm the Gripen program.

The FAB would replace F-5s with modern F-16s. They would budget for additional Saab fighters.

If FAB’s inquiry leads to US negotiations, it could harm Gripen’s image. The Gripen faces challenges in Europe.

Increasing orders for American F-35s pose a threat. Brazil has purchased 36 new-generation Gripen E/Fs.

Sweden has negotiated at least 60 aircraft. Despite joining NATO, Saab claims this does not hinder sales.

However, Hungary’s only new Gripen order was for the previous generation C/D model.

In the region, Chile and Venezuela operate F-16s. Argentina will join them soon.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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