PRAGUE, April 16 (Reuters) - Czech defence group CSG signed a nearly 300 million euro ($353.97 million) contract with a European customer to supply artillery ammunition, it said on Thursday. The deal
CSG Secures €300 Million European Ammunition Supply Deal Amid Rising Demand
Major Developments in CSG's Defence Contracts and Financial Performance
New €300 Million Artillery Ammunition Contract
PRAGUE, April 16 (Reuters) - Czech defence group CSG signed a nearly 300 million euro ($353.97 million) contract with a European customer to supply artillery ammunition, it said on Thursday.
The deal follows a CSG announcement in February that it would supply large-calibre ammunition worth hundreds of millions of euros to a west European country.
Expansion into Southeast Asia and Product Innovation
Air Defence Systems Contracts
Earlier this month, CSG also announced contracts to supply air defence systems worth $2.5 billion in Southeast Asia.
Introduction of Counter-Drone Ammunition
In a separate statement, CSG said its Fiocchi unit had introduced new counter-drone ammunition for standard-issue firearms, giving militaries a last-line defence capability against the growing threat of drones.
CSG's Strategic Growth and Financial Outlook
Record Defence Sector Stock Offering
CSG completed the biggest defence sector stock offering on record in January as it seeks to grow and tap into a surge in military spending following Russia's 2022 invasion of Ukraine.
Profit and Revenue Projections
2025 Financial Results
For 2025, CSG reported a 28% annual profit rise, with strong demand in its defence systems division. It expects revenue this to rise to between 7.4 billion and 7.6 billion euros, from 6.7 billion euros in 2025.
($1 = 0.8475 euros)
(Reporting by Jason Hovet, additional reporting by Alessandro Parodi and Michal Aleksandrowicz in Gdansk;Editing by Elaine Hardcastle)
