Ammunition maker CSG launches second joint venture in Azerbaijan

CSG NV

30/09/2026 13:30

Sept 30 (Reuters) - Military equipment maker Czechoslovak Group CSG.AS said on Wednesday it had launched a second joint venture in Azerbaijan with an undisclosed local partner to produce self-propelled howitzers, aiming to start production by 2027.
The project represents a business opportunity of €1.8 billion ($2.0 billion) over a seven-year period, CSG said.
($1 = €0.8806)

(Reporting by Hugo Lhomedet in Gdansk. Editing by Milla Nissi-Prussak)
((hugo.lhomedet@thomsonreuters.com))