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Patria (company)

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Patria Oyj
Company typePublic limited company
IndustryAerospace and defense
PredecessorValmet, Oy Sisu Ab
Founded1997; 27 years ago (1997)
Headquarters,
Area served
worldwide
Key people
Heikki Allonen (CEO)
ProductsArmored wheeled vehicles, weapon systems, aircraft parts
Serviceshelicopter maintenance, pilot training
RevenueDecrease 427.7 million  (2015)
Decrease 46,8 million € (2015)
OwnerFinnish government (50.1%)
Kongsberg Defense & Aerospace AS (49.9%)
Number of employees
2,546 (2014)
Websitepatria.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 by the Finnish government and Kongsberg Defense & Aerospace. The competition authorities has granted their approval concerning sale by State of Finland of 49.9 percent of the defence company Patria Oyj to Kongsberg Defence & Aerospace AS. The total value of the transaction is EUR 283,5 million. The State of Finland now owns 50.1 percent of Patria Oyj.Transaction was closed during second quarter of 2016.[1]

Products and services

  • 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

Aircraft parts for:

Patria Systems

Vehicles

Mortar systems

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

Criminal investigation

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.

References

  1. ^ "Norwegian Kongsberg to acquire a minority stake of 49.9% in Patria | Patria". patria.fi. Retrieved 2016-04-17.
  2. ^ "Brochure on the Mini-UAV" (PDF). Retrieved 6 November 2014.
  3. ^ "Profile of the XA-188". Retrieved 6 November 2014.
  4. ^ Patria press release about the investigation
  5. ^ Patria press release about the CEO change