Patria Oyj Overview
Pro stress-test →Patria is a modern and international defence and technology company with over 100 years of experience that operates through Protected Mobility, Defence and Weapon Systems, and Sustainment Solutions business areas to serve critical functions on land, sea and air. The company generated net sales of EUR 1,086.7 million in 2025 and employs over 4,100 professionals.
Strategic Profile
Pro stress-test →Owned 50.1% by the State of Finland and 49.9% by Norwegian Kongsberg Defence & Aerospace, Patria forms a leading Nordic defence partnership that includes 50% ownership of Nammo. New orders in 2024 reached €1,258.2 million, with net sales climbing 12% year-over-year to €421.0 million in H1 2025, driven by robust NATO rearmament efforts.
Competitive Landscape
Pro stress-test →Patria operates across multiple European locations including Finland, Sweden, Norway, Belgium, the Netherlands, Estonia, Latvia and Spain. Direct competitors in protected mobility include RHEINMETALL (Germany), GDELS (Canada), and IVECO Defence Vehicles (Italy). In sustainment and MRO, Patria competes with Kongsberg Aviation Maintenance Services (a joint Kongsberg-Patria entity) and major OEM support arms. In emerging drone segment, competitors include Elbit Systems, Aeryon, and other European defence tech providers.
Industry Context
Patria Oyj operates in Military armoured vehicles and protected mobility.
Key facts
Founded: 1921 · Headquarters: Helsinki, Finland · Employees: 4,100+ · Revenue: €1,086.7M (2025) · Market cap: N/A