Patria secures German defense contracts exceeding €2 bn

Patria, 49.9% owned by Kongsberg Defence & Aerospace, a subsidiary of Kongsberg Gruppen ASA, has secured two substantial contracts with Germany related to the CAVS program. The total value of these contracts, including options, exceeds €2 billion.

The contracts were announced by Patria and represent a major boost for the Finnish defense company's operations within the European defense sector. The deal underscores the ongoing strategic importance of the CAVS program for both Patria and Germany, reinforcing defense cooperation and technological development.