Patria & Croatian MoD Agreed on Amendment to Armoured Wheeled Vehicle Contract

• The vehicle versions were updated to match the current requirements of the Ministry of Defence

(August 23, 2010) -- Patria and the Ministry of Defence of the Republic of Croatia signed an Amendment related to the manufacturing and delivery contract of 126 Patria AMV 8x8 wheeled armoured vehicles on July 2010. The negotiations were started on the Croatian MoD's initiative due to the financial reasons.

According to the amendment the number of vehicles remains unchanged and the deliveries will be completed by the end of 2012. The vehicle versions were updated to match the current requirements of the Ministry of Defence.

Majority of the vehicles will be manufactured in Croatia by Patria's local consortium partner Duro Dakovic Special Vehicles (DDSV).The new revised contract also strengthens financial capabilities of DDSV in this program.

In addition to the initial batch of 6 vehicles manufactured in Finland Patria has completed the transfer of technology to DDSV. DDSV has already locally manufactured the first 9 Patria AMV 8x8 basic vehicles.

"Patria is very pleased that the amendment negotiations were concluded in good cooperation and understanding with all parties. This new amendment further strengthens Patria's leading position as the supplier of armoured wheeled vehicles but also opens possibilities for future business opportunities with our Croatian partner", states Mr Seppo Seppala, President of Patria Land & Armament Oy.

Source : Patria Oyj