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Article: finland : Finland Signs Strategic Partnership for Army Maintenance.
- Article from:
- TendersInfo
- Article date:
- June 23, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: kusumv03
The Patria Group s Finland s biggest defense company, with product offerings that range from mortars to vehicles to aircraft. The joint venture Millog Oy is part of that group, and the firm has just signed an 8-year, EUR 484 million (currently $755 million) base partnership agreement that will transfer most of the Finnish army s equipment maintenance at the beginning of 2009. Patria Oyj s release says that Finnish Army equipment maintenance currently costs about EUR 100 million per year.
The partnership is best described as a partial transfer, but it does fit the general model of partnered defense maintenance contracts around the world. ...