Mentioned:Dynamite Nobel Defence$94M · Contract Award
Finland's Defense Forces will procure RGW 110 disposable anti-armor weapons from Dynamite Nobel Defence in a €84.5 million deal. The 110mm system replaces French-manufactured APILAS arms in service since the 1980s and positions Finland as the second major operator after Hungary.
What's happening
- Finland awarded Dynamite Nobel Defence a €84.5 million contract for RGW 110 shoulder-fired anti-armor weapons, excluding value added tax.
- The 110mm weapon weighs approximately 10kg, measures 1,000mm in length, and has an effective range of 800 meters with HEAT/HESH-tandem warhead capability.
- Deliveries of the new weapons and training equipment begin in 2027 as part of the Army's modernization of close-range anti-tank capability.
- Finland becomes the second major operator of the RGW 110 following Hungary's 2022 announcement of a joint venture with Dynamite Nobel Defence.
Why it matters
- The procurement upgrades Finnish Army's close-range anti-armor capability against main battle tanks on the battlefield, addressing a critical gap in layered anti-tank defense.
- The RGW 110's tandem warhead defeats Explosive Reactive Armour countermeasures, offering protection against modern armor threats that older APILAS systems cannot handle.
- Finland's adoption signals growing adoption of the RGW 110 in NATO-aligned nations and strengthens Dynamite Nobel Defence's position in European munitions markets.
Going deeper
- The RGW series includes the lighter RGW 90, which has seen extensive operational use with Ukrainian forces since development in the late 1990s.
- Dynamite Nobel Defence announced the RGW 110 was ready for serial production in 2023, enabling rapid deployment to allied nations.
Financial impact
- Revenue will be recognized to Dynamite Nobel Defence starting in 2027 as deliveries commence, with the €84.5 million contract value supporting production and delivery schedules over the performance period.
- Timing of revenue recognition and milestone payments depends on delivery schedules beginning in 2027, though specific payment terms are not disclosed.
The intrigue
- Hungary's 2022 joint venture with Dynamite Nobel Defence for an unspecified number of RGW 110 weapons remains undisclosed, leaving total NATO procurement volume unclear.
The fine print
- The €84.5 million figure excludes value added tax, so total cost to Finland will be higher.
- Training equipment is included in the contract scope and will be delivered with the weapons beginning in 2027.
Source: overtdefense.com · Oct 28, 2026 · Drafted with Claude, reviewed by Industrial Base Alpha.
