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| Saab wins $4.5bn Brazil fighter jet contract | Saab wins $4.5bn Brazil fighter jet contract |
| (about 9 hours later) | |
| Shares in Sweden's Saab jumped almost 30% after it won a $4.5bn (£2.7bn) deal to supply 36 fighter jets to Brazil. | |
| The deal is one of the most valuable ones in emerging markets and Saab had faced competition from rivals Boeing and Dassault Aviation. | The deal is one of the most valuable ones in emerging markets and Saab had faced competition from rivals Boeing and Dassault Aviation. |
| Many had expected Boeing or Dassault to emerge as the winner. | Many had expected Boeing or Dassault to emerge as the winner. |
| The BBC's Gary Duffy in Sao Paulo says Boeing's cause was not helped by a recent row between the US and Brazil over spying allegations. | |
| The US National Security Agency (NSA) has been accused of intercepting emails and messages from President Dilma Rousseff, her aides and state oil company, Petrobras. | The US National Security Agency (NSA) has been accused of intercepting emails and messages from President Dilma Rousseff, her aides and state oil company, Petrobras. |
| David Fleischer, a political scientist at the University of Brasilia, said that Ms Rousseff "had been favouring the Boeing plane and a lot of people thought she would announce her decision during her state visit to Washington". | David Fleischer, a political scientist at the University of Brasilia, said that Ms Rousseff "had been favouring the Boeing plane and a lot of people thought she would announce her decision during her state visit to Washington". |
| "Boeing was very close but then the NSA booted them out of the air," he said. | "Boeing was very close but then the NSA booted them out of the air," he said. |
| The spying allegations were made by Rio-based journalist Glenn Greenwald, who obtained secret files from former NSA contractor Edward Snowden. | The spying allegations were made by Rio-based journalist Glenn Greenwald, who obtained secret files from former NSA contractor Edward Snowden. |
| The claims led to Ms Rousseff cancelling her state visit to Washington, initially planned for October this year. | The claims led to Ms Rousseff cancelling her state visit to Washington, initially planned for October this year. |
| Brazil had delayed the decision on awarding the contract for many years. | Brazil had delayed the decision on awarding the contract for many years. |
| Defence Minister Celso Amorim said the authorities, "took into account performance, the effective transfer of technology and costs - not just of acquisition but of maintenance" while finalising the supplier. | Defence Minister Celso Amorim said the authorities, "took into account performance, the effective transfer of technology and costs - not just of acquisition but of maintenance" while finalising the supplier. |
| Brazil's decision comes just weeks after Boeing lost out to Lockheed Martin in the run to win a multi-billion dollar fighter jet deal in South Korea. | Brazil's decision comes just weeks after Boeing lost out to Lockheed Martin in the run to win a multi-billion dollar fighter jet deal in South Korea. |
| Boeing had been considered a front runner in that deal as well, until Seoul decided to restart the tender process. | Boeing had been considered a front runner in that deal as well, until Seoul decided to restart the tender process. |
| While Saab's shares jumped almost 30% to a five-year high, Dassault's price fell more than 7%. French President François Hollande personally lobbied for Dassault's Rafale jet last week during a state visit to Brazil. | |
| The Rafale has yet to win an order outside France, although it remains front runner to secure a contract with India. |