Welcome to Episode 47 of the third series of The Weekly Defence Podcast. Listen on Apple Podcasts, Google Podcasts, Spotify and more.
Patria reports surge in orders
Year-on-year sales remained flat for Patria at €359.6 million in the first nine months of 2021, although pre-tax profits more than doubled for the Finnish defence and aerospace group.
Figures released on 29 October showed that income before taxes increased from €13.8 million in January-September 2020 to €34.3 million a year later.
The order backlog also surged from €547.8 million to €1.43 billion, and Patria noted a number of new contracts and programme milestones since January 2021.
For example, its subsidiary Senop received a €13.6 million contract late in Q3 from the Finnish Defence Forces for laser sights and additional image intensifiers on Finnish CV9030 infantry fighting vehicles.
Finland, Latvia and Patria sealed a framework deal to manage production of a collaboratively developed 6x6 vehicle. Latvia and Patria also signed a supply contract for more than 200 6x6 armoured personnel carriers under the joint programme. Latvia received its first vehicle in October 2021 and deliveries will continue until 2029.
Patria noted that the ‘significant HX programme continues providing an extremely important and long-standing opportunity’ and in the naval domain, it was awarded a contract by Belgium Naval & Robotics to deliver Sonac ACS acoustic minesweeping systems for the joint Belgian-Dutch minehunter programme.
In addition, the company is involved in two European Defence Industrial Development Programme initiatives: a three-nation consortium (Estonia, Finland and Sweden) to improve maritime surveillance capabilities; and a 20-strong industry team to develop next-generation armoured platforms and upgrade existing vehicles to improve ground combat capabilities.
More from Defence Notes
Following the report on unidentified aerial phenomena in June 2021, the US DoD has established the Airborne Object Identification and Management Synchronization Group.
Saab and Philips will provide innovative flexible and operational deployable hospitals for the Australian military.
The armed forces in South Korea is facing its first annual defence budget cut in 15 years.
A system-level CDR marks an important step towards the first launch of a persistent satellite capability for missile warning.
Could naturally occurring muons be the answer to the problem of how to navigate accurately in the GPS-denied Arctic?