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Finland's defense market is one of the most sophisticated and technologically advanced in Europe, with an estimated value of $6.3 billion in 2023. This significant growth is driven by Finland's commitment to NATO, its ongoing efforts to modernize its military forces, and the ongoing war in Ukraine.
The Finnish government is the sole buyer of defense products and services in Finland. The Ministry of Defense (MoD) is responsible for overseeing all defense procurement activities, including developing procurement plans, managing the defense budget, and selecting vendors.
Main Defense Products and Services Procured by Finnish Government
Aircraft: fighter jets, helicopters, transport aircraft
Missiles: anti-tank missiles, anti-aircraft missiles, air-to-air missiles
Naval vessels: mine countermeasure vessels, patrol boats, support vessels
Ground vehicles: armored personnel carriers, artillery, infantry fighting vehicles
Electronics and sensors: radars, sonars, electronic warfare systems
Cybersecurity and information systems: software, hardware, and services to protect critical infrastructure and networks
Research and development services: for the development of new weapons and technologies
The key government agencies responsible for defence procurement in Finland include:
Ministry of Defense (MoD): The MoD is the central government authority for defense procurement in Finland and is responsible for developing procurement plans, managing the defense budget, and selecting vendors.
National Defence Logistics Centre (NDLC): The NDLC is responsible for executing procurement plans, managing contracts, and overseeing the defense industry.
Defence Research and Development Agency (FRA): The FRA is responsible for coordinating defense research and development activities in Finland.
Top Winners of Finland Defense Procurement
Patria: Patria is a leading defense company in Finland and produces a wide range of military equipment, including armored vehicles, weapons systems, and aviation solutions.
Wärtsilä: Wärtsilä is a leading provider of marine engines and power systems, including naval propulsion systems and power generation solutions for the Finnish military.
Elbit Systems: Elbit Systems is a leading provider of electronic warfare systems, avionics, and intelligence, surveillance, and reconnaissance (ISR) solutions for the Finnish military.
Microsoft Finland: Microsoft Finland provides cloud computing, cybersecurity, and software solutions for the Finnish military.
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