Patria (company)

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Patria Oyj
Public limited company
Industry Aerospace and defense
Predecessor Valmet, Oy Sisu Ab
Founded 1997; 20 years ago (1997)
Headquarters Helsinki, Finland
Area served
worldwide
Key people
Christer Granskog (Chairman)
Olli Isotalo (CEO and President)
Products Armored wheeled vehicles, weapon systems, aircraft parts
Services helicopter maintenance, pilot training
Revenue Decrease 427.7 million  (2015)
Decrease 46,8 million € (2015)
Owner Finnish government (50.1%)
Kongsberg Defense & Aerospace AS (49.9%)
Number of employees
2,806 (2015)
Website patria.fi

Patria Plc (Finnish: Patria Oyj, Swedish: Patria Abp) is a Finnish provider of defence, security and aviation life-cycle support services and technology solutions. Patria is owned 50.1% by the Finnish government and 49.9% by Kongsberg Defense & Aerospace following a deal in 2016. The total value of the company was 283.5 million euros when the transaction closed in the second quarter of 2016.[1]

Products and services[edit]

  • Armoured wheeled vehicles, mortar systems and ammunition products as well as their life cycle support services.
  • Life cycle support services for aircraft and helicopters as well as pilot training.
  • Maintenance of army material for the Finnish Defence Forces.
  • Development and integration of systems for command and control and situational awareness as well as their life cycle support services.

Patria Aviation[edit]

Aircraft parts for:

Patria Systems[edit]

Vehicles[edit]

Mortar systems[edit]

  • AMOS — Advanced Mortar System
  • NEMO — Light version of AMOS

Criminal investigation[edit]

As of 5 September 2008, Patria is under investigation by the Finnish National Bureau of Investigation on its vehicle project in Slovenia and howitzer project in Egypt.[4] The company's former CEO Jorma Wiitakorpi resigned on August 18, 2008, when the investigation was still ongoing. He was succeeded by former board member Heikki Allonen.[5] Furthermore, several other employees have been arrested on charges of bribery. The case is ongoing and currently (as of 5 September 2008) the criminal investigation is underway.

Yleisradio's investigative program MOT published details of the case, causing a scandal in Slovenia, since the Slovenian Government including then-Prime Minister Janez Janša was allegedly involved.

The decision of the Turku Court of Appeal dated 17 February 2016, in which the Court dismissed all charges related to Patria's export project to Croatia, has gained legal force and is final. None of the parties to the case applied for permission to appeal against the decision of the Court of Appeal in the Supreme Court. Also the demand for a corporate fine to be imposed on Patria Land Services Oy was dismissed. [6]

References[edit]

External links[edit]