SPIKE ATGM complete with mock-up SPIKE LR missile. Credit: Dave1185 (talk)/commons.wikimedia.org.

Germany-based joint venture (JV) company EuroSpike has received an awarded from the Finnish armed forces for Spike anti-tank guided missiles.

EuroSpike is a JV between Rheinmetall Electronics, Diehl Defence, and Rafael Advanced Defense Systems. Rheinmetall holds a 40% stake in the JV.

Related Company Profiles

View all

The exact value of the contract has not been disclosed but it is said to be in the mid-double-digit million-euro range for Rheinmetall.

The missiles will supplement the country’s anti-tank capabilities and enhance the abilities of its anti-tank troops.

In December last year, the Finnish Ministry of Defence gave approval for the procurement of SPIKE SR, LR2, and ER2 missile systems.

The acquisition, worth €223.6m without value added tax, will be executed through the Nato Support and Procurement Agency (NSPA) and the Land Combat Missiles partnership programme.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Rafael is serving as the product manufacturer and the systems will be maintained by strategic partner supplier Millog.

The fire-and-forget anti-tank missiles are in service with several European Union and Nato member nations.

Germany is one of the first users of Spike. It currently has the Mehrrollenfähiges Leichtes Lenkflugkörpersystem, multi-role, light guided missile system (MELLS) in service.

A version of the Spike system produced by EuroSpike, MELLS is an advanced effector that can engage armoured targets at ranges of up to 4,000m.

MELLS has already been integrated into various combat vehicles such as the Marder infantry fighting vehicle (IFV), the Puma IFV, and Rheinmetall’s air-portable Wiesel/Wiesel weapons carrier.