The T-X Family of Systems project is intended to help warfighters gain access to aircraft and training over the next four decades, the companies said Friday.
“We will invest in development of this completely new aircraft design over the coming years,” Saab President and CEO Hakan Buskhe said.
“This cooperation with Boeing is part of our strategic development and we confirm our long-term financial targets,” he added.
Saab and Boeing signed a joint development agreement for the purpose-built aircraft and also included support sales and marketing provisions in the deal.
The Air Force’s T-X program includes 350 aircraft and related training and logistics systems and support.