Finland to buy $39 million worth of anti-tank missiles from Sweden's Saab

Finnish Defence Minister Mikko Savola has authorized the procurement of NLAW anti-tank missile systems from Swedish aerospace and defence company Saab for 37 million euros ($39 million), the Finnish Defence Ministry said on February 23.

"Minister of Defence Mikko Savola has approved the Defence Forces' proposal to procure NLAW anti-tank missiles," the ministry said in a statement, adding that "the overall value of the procurement without value added tax is about EUR 37 million", Sputnik reports.

The ministry specified that the purchase will be financed from a "supplementary budget" that includes funding for procuring rapidly launched defense equipment.

Finland will procure the missiles delivered by Saab jointly with Sweden and the United Kingdom under a framework agreement between the Swedish Defence Materiel Administration and Saab, the ministry said.