A subsidiary of the Icelandic company Arctic Trucks in Norway has made an agreement with the Norwegian and Swedish militaries on the purchase of modified jeeps. The first order is for 53 vehicles worth ISK 2.5 billion (USD 21 million, EUR 16 million).
Toyota Land Cruiser 200. Photo by Páll Stefánsson.
Both the Danish and Finnish militaries have the opportunity to participate in the agreement, which has a provision of a possible extension of ten years, ruv.is reports.
It is unclear how many jeeps will be ordered in total. Those which have been ordered so far are modified Toyota Land Cruiser jeeps and six-wheel Toyota Hilux jeeps, most of which are armored.
The Norwegian and Swedish militaries own thousands of vehicles so there is a great potential for Arctic Trucks.
Arctic Trucks employs 50 people, 23 who work at the parent company in Iceland, 25 at the subsidiary in Norway and four employees are based in the United Arab Emirates.
The military jeeps will be made in Norway but the design and development work takes place in Iceland.