Swedish defense company Saab received the award as part of an effort by the Swedish air force to extend the life cycle of its Gripen fleet through the integration of new computers and display technologies.
Saab says the new avionics system will also be designed to handle large quantities of complex information and be integrated with next-generation sensors.
The contract is worth approximately $56.9 million. Saab says new avionics technology is expected to be integrated into the fleet of Gripen by 2020.
"Computers with the best performance possible today will be viewed as inadequate for the tasks facing Gripen in 10 years, when the aircraft must remain modern for a further 20 years," Saab Vice President Lennart Sindahl said in a statement.