The short action is unable to house larger cartridges than. The receiver has 17 mm dovetail rails milled on its top side for attaching optical sights. The repeating magazine fed rifle features a milled receiver made from special steel, to which a 90° rotating, two-lug cylindrical bolt locks. The Tikka M55 action is loosely based on the Mauser action, which Tikkakoski wanted to modernise. In 1990 the Tikka M55 was superseded by the Tikka M558 rifle of the Tikka M88 series. The last Tikka M55 were assembled in 1989.
In 1987 the Tikkakoski factory was run down, all its machinery was destroyed, and production of Tikka rifles was transferred to SAKO factory at Riihimäki. After a review ordered by SAKO from a Finnish gunsmith Jali Timari turned out to criticise the rifle in a rather negative tone, the project was shelved. The rifle was based on a Tikkakoski prototype from 1981, though Tikkakoski and SAKO also developed a newer prototype called Tikka M555, but it was never put to production. After Sako had bought Tikkakoski, a new rifle project, called both Tikka M551 and Sako L581 and nicknamed "Satikka" after SAKO and Tikka, took place, and 1777 rifles were made in 19. Tikkakoski company was bought by Nokia in 1974 and by SAKO in 1983. Tikka M65, a long action rifle developed from the M55. The name and receiver markings were changed again in 1972, to M55. In 1970 Tikkakoski also introduced a long action derivative rifle, initially called LSA65 (later M65). The new rifle got its name from the year 1967 with its numbers in reverse as M76, but the name was changed to LSA55 after export to the United States began in 1969. Previously Tikkakoski had manufactured actions only for combination guns, shotguns, rimfire rifles and automatic military firearms (mainly submachine guns). The M76 was the first repeating centerfire rifle developed and produced completely by Tikkakoski, as the interwar military rifles were built on recycled foreign receivers. After a group of Finnish businessmen bought Tikkakoski company from the Soviet Union in 1957, the company started focusing again in firearms in 1963, and first prototypes of a repeating centerfire rifle were manufactured in 1967, and the final product, the production of which began in 1968, was named the M76. Under the Soviet ownership, the firearms production was run down by the end of 1954. Tikkakoski company, which had been under German ownership, was expropriated in 1944 and handed over to the Soviet Union in 1947 as ruled by the Moscow Armistice. The Tikka M55 was imported to the United States by Ithaca Gun Company. Tikkakoski also developed a long action rifle based on the M55, called Tikka M65. M55 was the first centerfire rifle action designed by Tikkakoski, and it was manufactured from 1968 to 1989. The Tikka M55 (originally Tikka M76 and also Tikka LSA55) is a Finnish rifle designed by a Finnish firearms company Tikkakoski in 1967–1968. 620 mm (Sporter, Super Sporter and Continental) īolt action, 90° rotating bolt, two locking lugs ģ, 5 or 10-round detachable single stack box magazine
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