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Peru to Acquire 24 Gripen Jets for $3.5 Billion

7/5/2025

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Summary

Story summary

Peru is set to bolster its air force by acquiring 24 Gripen E fighter jets from Saab for around $3.5 billion, phasing out its outdated Mirage 2000 and MiG-29 aircraft. This significant investment, supported by a $2 billion domestic loan, is part of a comprehensive modernization effort, with a bilateral agreement anticipated by July 10, 2025.

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Story summary

Peru is set to bolster its air force by acquiring 24 Gripen E fighter jets from Saab for around $3.5 billion, phasing out its outdated Mirage 2000 and MiG-29 aircraft. This significant investment, supported by a $2 billion domestic loan, is part of a comprehensive modernization effort, with a bilateral agreement anticipated by July 10, 2025.