CSG signs nearly 300 million euro European ammunition deal
CSG secured a nearly 300 million euro contract for artillery ammunition with a European client. The group expects revenue to reach 7.6 billion euros in 2026.
The Czech Republic-based defense group CSG NV has finalized a contract worth approximately 300 million euros ($353.97 million) with a European customer for the delivery of artillery ammunition. This agreement, announced on Thursday, follows a series of high-profile deals, including a February commitment to provide large-calibre munitions to a Western European state and a $2.5 billion contract for air defense systems in Southeast Asia.
According to the company, the recent influx of orders highlights its capacity to meet the rising global requirements of military organizations.
CSG said the deal flow showed its ability to respond to growing demand from armed forces worldwide.
Beyond traditional munitions, the group's Fiocchi subsidiary has introduced specialized counter-drone ammunition for standard-issue firearms. This development is intended to offer military personnel a last-line defense capability against the escalating threat posed by drones on the modern battlefield.
The company has strategically positioned itself to benefit from the significant rise in global military spending triggered by the 2022 invasion of Ukraine by Russia. In January, the group executed the largest defense sector stock offering on record to fund its ongoing expansion efforts.
Financial performance remains robust, with the firm reporting a 28% year-on-year increase in profit for 2025, supported by strong demand within its defense systems unit. Revenue for the current year is projected to reach between 7.4 billion and 7.6 billion euros, a notable increase from the 6.7 billion euros recorded in 2025.
