The RGW110, whose number denotes its 110 mm caliber, is an enlarged version of the RGW90, known in the IDF as the Matador. According to Globes, Finland will use it to replace aging anti-tank missiles, part of the rearmament of countries bordering Russia.
It is not Rafael's first deal with Finland: in November 2023 Finland bought the David's Sling air defense system for €317 million. About two months ago, Helsinki media reported that the two countries had secretly signed a memorandum of understanding on defense cooperation running until 2034.
A manufacturing presence inside the EU is increasingly important for NATO and EU contracts. It allows participation in the SAFE program, which funds defense deals of up to €150 billion, provided 65% of a deal's value comes from EU member states or Ukraine.