In 2016 the total turnover was estimated at 13 billion euros and it employed 48,000 people.
[1] Small trading ships similar to Jacobstads Wapen were built in Finnish coastal towns in the 18th century.
The first large scale shipyard was the galley dry dock at Sveaborg built in the mid-18th century, which serviced the ships that won one of the largest sea battles in Finnish history.
Germany outsourced a notable amount of submarine construction to Finland after World War I.
The high percentage of domestic components continues even after the dissolution of the Soviet Union and the end of the lucrative trade deals.