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Germany signs $2.35 billion armoured vehicle deal with Finland's Patria

Published by Global Banking & Finance Review

Posted on December 18, 2025

1 min read

· Last updated: January 20, 2026

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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

Germany Inks $2.35 Billion Deal with Finland's Patria for Vehicles

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)

Key Takeaways

  • Germany signs a €2 billion deal with Patria for armoured vehicles.
  • The contract includes orders and options for up to 876 vehicles.
  • Deliveries begin in 2026 with local production in 2027.
  • Patria is partly owned by the Finnish state and Kongsberg Gruppen.
  • The deal involves partnerships with German companies FFG, JWT, and KNDS.

Frequently Asked Questions

What is an armored vehicle?
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.
What is investment?
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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