The Czech Rheinmetall-rival CSG has signed a framework agreement with the Slovakian Ministry of Defense for the supply of ammunition worth up to 58 billion euros. The deal, which runs for seven years, was signed by CSG’s Slovakian subsidiary ZVS Holding – a joint venture between CSG and the Slovakian state.
The contract value corresponds to the maximum possible scope of delivery based on the existing production capacities. Slovakia wants to “assume a leading role in the supply of large and medium-calibre ammunition to EU member states in the future”, emphasized Defence Minister Robert Kaliňák.
Like many other European countries, Slovakia is pushing ahead with the expansion of its arms industry in order to strengthen its own defense capabilities and meet the increased demand within the EU and NATO and NATO. The demand for ammunition and military equipment has increased since the Russian invasion of Ukraine in 2022 – a trend that is likely to shape European industry for years to come.
