Finland represents a strategic and dynamic market for the Defence, Security and Space industries
Global trends in Defence, Security and Space sectors drive growth in Finland, which is known for its high-level expertise in these fields. The robust development aligns with global trends of increased defence spending and focus on cyber security, making Finland an attractive environment for growth opportunities at Defence & Security sector.
The Finnish Defence Forces are currently engaged in two large strategic procurement projects; the HX Fighter Program and the Navy’s Squadron 2020 Project. With investments estimated to reach between 8 and 11 billion euros, these projects represent significant defence modernisation initiatives in Europe. These strategic investments are financed separately from the budget of the Finnish Defence Forces. Approximately 5 percent of the Finnish State budget is allocated to the Finnish Defence Forces demonstrating Finland’s commitment to defence capabilities.
The Finnish space industry is growing rapidly and attracting foreign investments. Recent development in global trends have sharpened the focus of the industry on defence and security as well as dual-use purposes. Simultaneously, the Finnish regulatory framework and policy on space operations have been under development due to the changes at the global and national operating environment.
Also, due to the global developments and reformed legislative frameworks, cyber security and dual-use technologies in general are getting increasingly topical and driving both growth and expertise in Finland.
With our extensive expertise on defence and security fields, we have successfully advised leading global and national industry players on a wide variety of assignments ranging from complicated public procurement projects to demanding regulatory analysis and advice. Our deep understanding of the sector’s unique regulatory landscape enables us to deliver exceptional value to our clients.
We have also assisted our clients in finding innovative solutions to resolve challenging disputes with Finnish customers and successfully represented leading defence technology suppliers as trusted legal counsel.
Our team has provided strategic guidance on numerous M&A transactions involving ad-vanced military technology and dual-use goods, navigating the complex regulatory frameworks and security considerations that characterise these specialised transactions.
Main contact: Partner Jukka Lång
