Estonia, Latvia and Finland signed an agreement to explore the possibility of joint development of a platform for armored wheeled vehicles.
Finnish Defense Ministry Secretary-General Jukka Juusti, Estonian Defense Minister Jüri Luik, and Latvian Defense Minister Artis Pabriks signed the trilateral non-binding letter of intent (LoI).
Under the agreement, a consultation process will be undertaken by the three countries to determine the viability of a joint system to develop new armored vehicles.
The Logistics Command of the Defense Forces will buy HE projectiles from Israel Military Industries (IMI).
In a statement, the Finland Ministry of Defence stated that the proposed platform would be developed to meet the specific capability requirements of the participating countries.
The projectiles will offer enhanced firepower and are expected to be delivered in 2021.
The ministry said: “The development of a common vehicle platform could also provide increased value for money, interoperability and security of supply.”
Jüri Luik was quoted by the news agency as saying: “The good intentions agreement signed today is a very welcome start to a joint venture between Estonia, Latvia and Finland to procure new armoured vehicles. We agreed to carry out technical research on defence and I believe that our cooperation will bring good results.”