Gripen creates offset projects worth 8.7 billion crowns by end 2006

The Gripen International consortium which supplied 14 fighter jets to the Czech military says it launched offset projects worth 8.7 billion crowns (414 million US dollars) by the end of 2006 in the Czech Republic. Gripen's investment in the Czech economy is supposed to reach 25.5 billion crowns (1.21 billion USD) between 2004 and 2014, under a contract between the company and the Czech state. The offset programme includes 31 individual investment projects.