CSG signs nearly 300 million euro ammunition supply deal with European customer

CSG NV

16/04/2026 07:39

PRAGUE, April 16 (Reuters) - Czech defence group CSG CSG.AS 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.

Earlier this month, CSG also announced contracts to supply air defence systems worth $2.5 billion in Southeast Asia.

CSG said the deal flow showed its ability to respond to growing demand from armed forces worldwide.

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 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.

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)

 ((jason.hovet@thomsonreuters.com;))