Rauma Marine Constructions: The First Multi-Purpose Corvette Built at Rauma Shipyard Has Been Launched
The first multi-purpose corvette built for the Finnish Navy's pivotal Squadron 2020 project was launched at Rauma shipyard on Wednesday 21 May 2025. This is a significant milestone and an indication of RMC's ability to successfully realise demanding building projects.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250521270211/en/
The first multi-purpose corvette built for the Finnish Navy's pivotal Squadron 2020 project was launched at Rauma shipyard in Finland on Wednesday 21 May 2025. Photo by Rauma Marine Constructions.
The Squadron 2020 project is proceeding on schedule. The building pace will accelerate as work on the second and subsequent multi-purpose corvettes progresses. The direct employment impact of the Squadron project in Finland is equivalent to more than 3,600 person-years.
'We have increased the capacity of Rauma shipyard purposefully while strategically implementing significant investments in the shipyard area. Rauma shipyard is now in peak condition', says Mika Nieminen, CEO of RMC.
RMC's capability is based on excellent engineering expertise, capable project management and a commitment to delivering complex and high-quality vessels. The ability to build different types of ships from high-efficiency commercial vessels to warships and icebreakers designed for extreme conditions emphasises RMC's extensive technical expertise and adaptability.
'The newly launched vessel is a strong indication of the close and goal-oriented co-operation between the Finnish Government, the Finnish Defence Forces, the Finnish Defence Forces Logistics Institute, the Finnish Navy, Rauma Marine Constructions, Saab and all our industrial partners', states Timo Ståhlhammar, Project Director of RMC's Squadron Project.
RMC will be building a total of four Pohjanmaa-class multi-purpose corvettes for the Finnish Navy. The Pohjanmaa class is one of the most capable vessel types operating in the Baltic Sea region. They are designed to operate year-round in all Baltic Sea conditions.
Significant investments have been made in Rauma shipyard throughout the 2020s to strengthen the shipyard's shipbuilding infrastructure and independent production capacity. The closed multi-purpose hall designed for the construction of the multi-purpose corvettes ensures good working conditions, high quality results and the implementation of the required safety measures. In addition, investments have been made in steel production, a launching barge and heavy transfer ramps.
'The building of these corvettes will advance the shipbuilding industry and technological know-how in Finland. RMC is ready to utilise the capabilities acquired through the Squadron 2020 project both in Finland and internationally', says Mika Nieminen, CEO of RMC.
Beam: 16.5 m
Draught: 5 m
Crew: 70
Link to photos and videos.
View source version on businesswire.com:https://www.businesswire.com/news/home/20250521270211/en/
CONTACT: Media inquiries:
Rauma Marine Constructions Oy
Hanna-Kaisa Koskinen
[email protected]
KEYWORD: EUROPE UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES MILITARY OTHER CONSTRUCTION & PROPERTY COMMERCIAL BUILDING & REAL ESTATE OTHER TRANSPORT CONSTRUCTION & PROPERTY STEEL MARITIME ENGINEERING TRANSPORT GOVERNMENT TECHNOLOGY OTHER DEFENSE CONTRACTS LOGISTICS/SUPPLY CHAIN MANAGEMENT MANUFACTURING DEFENSE FINANCE
SOURCE: Rauma Marine Constructions Oy
Copyright Business Wire 2025.
PUB: 05/21/2025 09:51 AM/DISC: 05/21/2025 09:51 AM
http://www.businesswire.com/news/home/20250521270211/en
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 minutes ago
- Yahoo
Fabrizio Romano confirms Alexander Isak wants DREAM Liverpool move
Liverpool could soon be welcoming Alexander Isak to the club. It's been an incredible summer in the transfer window for the Reds thus far. Richard Hughes has overseen an expert campaign - adding Florian Wirtz for a new British record fee and also bringing to the club Hugo Ekitike, Milos Kerkez, Jeremie Frimpong and Giorgi Mamardashvili. LFC Kits Shop Now LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now Liverpool are not standing still despite winning the 2024/25 Premier League title under Arne Slot and their squad is now looking better than ever. But there is even MORE to come. Not only could the Anfield club be active in their pursuit of a new centre-back, Isak is now firmly in their sights. Liverpool prepare British-record deal for Isak It would require another British record sum but Liverpool have got the means to complete this deal. Isak sent shockwaves through the football world earlier this week when it was revealed that he had turned down Newcastle's approaches over a new contract and instead wished to leave the club as soon as possible. The Sweden international failed to report for preseason duty on the Asian tour - nursing a minor thigh injury instead. Liverpool quickly emerged as frontrunners for the 25-year-old - despite already signing Newcastle's preferred Isak replacement in Ekitike. Isak turns down MAMMOTH Saudi bid The Geordies' Saudi owners were left aghast, with it suggested that they were trying to persuade Isak to join another PIF club in Al-Hilal instead. There have been reports of a gigantic £600k per week salary - FIVE times his current pay packet and roughly double what he is demanding on his next contract. But Isak's intentions are clear. He is not interested in the gargantuan riches on offer in the Saudi Pro League - according to the latest report from Fabrizio Romano. Instead he wants to mix it up at the sharp end of the Premier League with the best team in the country. Isak wants Liverpool, not a cash-grab. Liverpool will be Isak's priority says Romano "Alexander Isak says no to Saudi and new contract, priority Liverpool!' Romano stated on Threads. 'Isak has already turned down proposals from Saudi as there's nothing at all ongoing with Al Hilal at this stage. 'Eddie Howe has also confirmed there are no contract talks ongoing, the player's wish is to leave Newcastle. 'Nothing at all with Chelsea, Man United, Arsenal. 'The real club in concrete talks for Isak was, is and still remains Liverpool… depends on Newcastle now.' © IMAGO - Alexander Isak Liverpool
Yahoo
37 minutes ago
- Yahoo
BigCommerce Holdings, Inc. (BIGC) Launches ‘Branch of the Future' for UK Building Materials Sector
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, BigCommerce Holdings, Inc. (NASDAQ:BIGC) makes it onto our list of the . A technical analyst using a cloud-based analytics dashboard for financial services. On July 23, 2025, BigCommerce Holdings, Inc. (NASDAQ:BIGC) announced the launch of 'Branch of the Future', which is an ecommerce accelerator tailored for the UK Building materials sector. Developed in collaboration with digital agency Brave Bison, Pimberly, and construction consultant The Journey, the solution enables merchants to digitize operations and satisfy next-gen buyer needs. Integrating BigCommerce Holdings, Inc. (NASDAQ:BIGC)'s B2B Edition, Brave Bison's ready-to-deploy ecommerce solution, and Pimberly's Product Information Management platform, this accelerator offers customer-specific pricing, quoting, real-time inventory, and streamlined workflows, boosting efficiency and sales. It helps modernize traditionally offline trade buying, reducing costs for merchants, while strengthening customer relationships. With its leading open Software-as-a-service (SaaS) platform for e-commerce, BigCommerce Holdings, Inc. (NASDAQ:BIGC) enables merchants to build, manage, and scale online stores across a diverse range of sales channels. It is included in our list of the best cloud stocks. While we acknowledge the potential of BIGC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None.
Yahoo
37 minutes ago
- Yahoo
Nokia Oyj (NOK) Reports Lower Q2 Revenue and EPS
With a share price under $10, strong hedge fund interest, and a low price-to-earnings ratio, Nokia Oyj (NYSE:NOK) makes it onto our list of the . On July 22, 2025, Nokia Oyj (NYSE:NOK) released its revised full-year 2025 financial outlook ahead of its Q2 results. Based on the revised guidance, the company expects a comparable operating profit of $1.88–2.47 billion, down from the previous guidance range of $2.24-2.83 billion. This revision in operating profit guidance is attributed to a weaker US dollar and ongoing tariff impacts. Now, Nokia Oyj (NYSE:NOK) bases its projections on a EUR: USD exchange rate of 1.17, in contrast to 1.04 in January. The currency risk is expected to have a negative impact of $270.79 million on profits. Meanwhile, tariffs are expected to negatively impact earnings by $58.87-94.19 million. Meanwhile, on July 24, 2025, Nokia Oyj (NYSE:NOK) reported its performance for Q2 that ended June 30, 2025. The company's comparable net sales were flat at EUR 5.35 billion. Sales declined 1% on a constant currency basis due to a 13% decline in Mobile Networks. Meanwhile, the Network Infrastructure and Cloud & Network Services segments recorded growth of 8% and 14%, respectively. A venture fund loss of $58.79 million contributed to a 6.6% decline in operating margin, leading to a decrease in EPS from $0.07 per share in Q2 2024 to $0.05 in Q2 2025. Furthermore, free cash flow stood at $103.47 million, declining due to debt repayment. Operating through Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies segments, Nokia Oyj (NYSE:NOK) offers mobile, fixed, and cloud network solutions across the globe. It is included in our list of the best cloud stocks. While we acknowledge the potential of NOK as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Cheap Transportation Stocks to Buy According to Analysts and Top 10 AI Infrastructure Stocks to Buy Now. Disclosure: None. Sign in to access your portfolio
