Lockheed is not giving up on the Royal Thai Air Force F-16A/B replacement program, despite the service already saying it has selected the Saab JAS 39E/F Gripen.
By 2034, the in-service fleet of Saab JAS 39E/F Gripens will have grown to 130, with the Thailand sale potentially raising that total by 12 to 14 aircraft.
The Royal Thai Air Force's decision on its next fighter aircraft could be forced into a holding pattern after lawmakers appointed a new prime minister.
The financing deal would help fund a “once-in-a-generation investment” in the Filipino armed forces, Secretary of State Anthony Blinken said in Manila.
With Saab facing significant headwinds in large western markets, recent news indicates that the company has set its sights on smaller prospective deals elsewhere in the world.
The proposals to develop further missions for the Gripen are part of updated military advice provided to Stockholm by commander-in-chief General Micael Bydén.
The Royal Thai Air Force had previously announced that a squadron of Lockheed Martin F-16A/Bs based in Korat would be decommissioned between 2028 and 2031.
The investment will support maintenance of the General Electric F414 engines that equip Sweden’s new Gripen E fighters and older F404 engines on its Gripen C/D.
The contractual agreement enables Canada to order the first four F-35As for delivery in 2026 in the Lot 18 production standard, with 84 more delivered by 2034.
As development starts winding down, Saab’s Gripen E unit is focusing on improving the global fleet of C/D models and starting to consider what comes next.