Talks with Ukraine on Gripen fighter jet deal are going well, Swedish defence minister says - Finance news and analysis from Global Banking & Finance Review
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Talks with Ukraine on Gripen fighter jet deal are going well, Swedish defence minister says

Published by Global Banking & Finance Review

Posted on May 7, 2026

2 min read

· Last updated: May 7, 2026

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Ukraine Gripen fighter jet deal could be signed within months, defence minister says

Ukraine's Prospective Acquisition of Saab Gripen Fighter Jets

By Johan Ahlander

Background and Current Status of the Deal

STOCKHOLM, May 7 (Reuters) - Ukraine's purchase of Saab-made Gripen fighter jets could be signed within months, the country's defence minister said on Thursday as he visited his Swedish counterpart in Stockholm.

The countries last year signed a letter of intent that could see Sweden supply up to 150 Gripen fighter jets to Ukraine.

Delivery Timeline and Importance for Ukraine

With the first deliveries estimated at three years away from any deal being finalised, the planes are seen as a priority for Ukraine's post-war fighter fleet - but there have been questions about funding.

Financing and International Cooperation

"We have our plan how to finance it," Ukrainian Defence Minister Mykhailo Fedorov said. "I think in a few months it will be good news for your country, for our country and bad news for Russians," he told a joint press conference.

Swedish Defence Minister Pal Jonson told Reuters after the press conference that negotiations were going well and did not rule out a deal this year for the Gripens, Saab's fourth generation fighter jet that is seen as a cost effective alternative to Lockheed Martin's F-35.

Jonson told Reuters that part of the 80 billion Swedish crowns ($8.70 billion) that have been set aside in the government budget for aid to Ukraine this year and next could be used to help finance the deal.

"We are also talking to other countries about what they can possibly contribute. It could be, for example, training or weapons systems," he said.

Potential Impact and Next Steps

Swedish defence group Saab's CEO told Swedish media this month that he hoped an agreement, which would be Sweden's biggest ever arms export deal, could be signed this year after Hungary reversed its veto to a European Union 90 billion euro loan to Ukraine.

Jonson also said that a deal to loan, sell or gift existing Gripens of an older model, to be delivered much faster, was progressing well.

Additional Information

($1 = 9.1962 Swedish crowns)

(Reporting by Anna Ringstrom and Johan Ahlander; Editing by Louise Rasmussen, Niklas Pollard and Alison Williams)

Key Takeaways

  • Sweden and Ukraine signed a letter of intent last year for up to 150 Gripen jets; Jonson says negotiations are ongoing and positive. (swedenherald.com)
  • Financing may come via the freshly unblocked €90 billion EU loan to Ukraine; Ukraine’s minister says a financing plan is ready and a deal could be announced in "a few months." (euronews.com)
  • Ukraine hopes to begin pilot training for the Gripens in 2026, underlining the urgency of finalizing the deal. (reutersconnect.com)

References

Frequently Asked Questions

What is the focus of the talks between Sweden and Ukraine?
The talks focus on a deal for Sweden to supply up to 150 Saab-made Gripen fighter jets to Ukraine.
How are the negotiations between Sweden and Ukraine progressing?
The Swedish Defence Minister stated that the negotiations are ongoing and going well.
Is there a timeline for when the Gripen fighter jet deal could be announced?
Ukraine's Defence Minister indicated a deal could be announced within a few months.
How does Ukraine plan to finance the Gripen fighter jet deal?
Ukraine has outlined a plan to finance the deal and believes the funding issues are being addressed.
What role did the EU's loan approval play in the negotiations?
Hungary's reversal of its EU loan veto has increased hopes that a deal could be signed this year.

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