The contract win is a major boost for Sweden-based Saab as it looks to take on rivals like Boeing.
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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.
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A good step for Saab to set up in South America, and with the new JAS 39E which model will be called, then the plane extensions, length increases better engine and more capable of arming.
http://www.bbc.co.uk/news/business-25441231
Note: 19 December 2013 Last updated at 09:34 GMT