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Germany signs $2.35 billion armoured vehicle deal with Finland's Patria
Published by Global Banking and Finance Review
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 18, 2025
1 min readLast updated: January 20, 2026
Germany has signed a €2 billion deal with Finland's Patria for armoured vehicles, with deliveries starting in 2026 and local production in 2027.
COPENHAGEN, Dec 18 (Reuters) - Germany has signed procurement contracts worth over 2 billion euros ($2.35 billion) for armoured vehicles with Finnish defence group Patria, the company said on Thursday.
The contracts include firm orders exceeding 1 billion euros and options for up to 876 armoured vehicles, Patria said in a statement.
Deliveries are scheduled to start in 2026, and locally produced vehicles will follow in 2027 through partnerships with German companies FFG, JWT and KNDS, it added.
Patria is 50.1% owned by the Finnish state, with the remaining 49.9% held by Norway's Kongsberg Gruppen.
($1 = 0.8524 euros)
(Reporting by Stine Jacobsen, editing by Terje Solsvik)
An armored vehicle is a type of military or tactical vehicle that is protected by armor to withstand attacks from firearms, explosives, and other threats, ensuring the safety of its occupants.
Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets such as stocks, bonds, real estate, or businesses.
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