Finance
Csg Signs Nearly 300 Million Euro Ammunition Supply Deal With European Customer
Published by Global Banking & Finance Review®
Posted on April 16, 2026
2 min readLast updated: April 16, 2026
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Czechoslovak Group (CSG) has inked a nearly €300 million artillery ammunition supply deal with a European customer, reinforcing its global defense momentum following its record-breaking €3.8 billion IPO and a separate $2.5 billion air defense contract in Southeast Asia.
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)
Key Takeaways
- •CSG’s nearly €300 million artillery ammunition deal underscores surging demand from European militaries, complementing earlier ammunition supply announcements.
- •The company’s momentum is bolstered by a record-setting €3.8 billion IPO in January—the largest in the defence sector’s history—and strong investor appetite for European defence firms.
- •CSG continues to innovate through its Fiocchi unit with new counter‑drone ammunition and expand globally, including securing a $2.5 billion air defence systems deal in Southeast Asia.
Frequently Asked Questions about CSG signs nearly 300 million euro ammunition supply deal with European customer
1Who signed the €300 million ammunition supply deal?
Czech defence group CSG signed the nearly €300 million contract with a European customer.
2What products are included in CSG's latest contracts?
The contracts include artillery ammunition, air defence systems, and new counter-drone ammunition.
3What recent financial performance did CSG report?
CSG reported a 28% annual profit rise and projected revenue to increase to between €7.4 and €7.6 billion.
4Why is there increased demand for CSG's defence products?
There is growing global demand due to increased military spending following geopolitical tensions, such as Russia's invasion of Ukraine.
5Where is CSG headquartered?
CSG is headquartered in Prague, Czech Republic.
