BAE-SYSTEMS
The Czech Republic has successfully completed negotiations with the government of Sweden, the Swedish defense procurement organization FMV, and BAE Systems Hägglunds to buy 246 CV90 MkIV infantry fighting vehicles in seven different variants. The contract is valued at SEK 22 billion ($2.2 billion). The agreement provides highly-capable vehicles for Czech soldiers while providing Czech industry a significant role in the program.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230524005658/en/
Czech Republic Awards BAE Systems $2.2 Billion Contract to Acquire 246 CV90s (Photo: Business Wire)
“As the ninth member of the CV90 User Group, the Czech Republic and its Army will benefit from this combat-proven infantry fighting vehicle with a leading combination of mobility, firepower, protection, and future growth potential,” said Tommy Gustafsson-Rask, managing director of BAE Systems Hägglunds, in Örnsköldsvik, Sweden. “This contract also represents a significant win for Czech industry that will last for decades.”
The CV90s will be developed and delivered through an industrial partnership with Czech industry to meet the requirements of the Czech Ministry of Defence and the intention of maintaining national sovereignty for the Czech Republic. The Czech industrial partners will be delivering 40% of the acquisition’s value in development, production and assembly contracts, not including VAT.
The program also offers future industrial opportunities that represent significant monetary value well beyond the flow down of contracts to Czech industrial partners. The contract will bolster the local defence sector, granting access to BAE Systems’ global supply chain, expanding opportunities for cooperation, and enhancing local competitiveness.
The CV90 MKIV, the latest generation of the leading infantry fighting vehicle, is an ideal, battle-proven vehicle. CV90 has been deployed around the world in coalition operations under both NATO and UN mandates. The vehicle offers superior tactical and strategic capabilities to target a wide range of ground and airborne targets, and exceptional resilience in any terrain and tactical environment.
BAE Systems Hägglunds has produced more than 1,400 CV90s in 17 variants for European countries, five of which are NATO members. Slovakia recently selected the CV90 for its armed forces, joining the Czech Republic as the eighth and ninth member countries, respectively, of the CV90 User Group.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230524005658/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
ALIPAY5.5.2024 16:30:26 CEST | Press release
China's 2024 Labor Day Sees 77% Rise in Outbound Travel Transactions and 700% Surge in Inbound Spending YoY via Alipay
TX-VINCENT-LOUIS-MOGAS3.5.2024 19:31:27 CEST | Press release
MOGAS Mourns the Death of Their Beloved Chairman and Founder Vincent Louis Mogas
VERVERICA3.5.2024 18:09:35 CEST | Press release
Ververica Achieves ISO 27001 Certification, Bolstering Data Security
TX-LONE-STAR-FUNDS3.5.2024 15:08:32 CEST | Press release
Lone Star Announces Acquisition of ERIKS
VA-MARS,-INCORPORATED3.5.2024 15:01:32 CEST | Press release
Mars, Incorporated Enters Exclusive Discussions to Acquire the Entire Stake in French Veterinary Diagnostics Businesses Cerba Vet and ANTAGENE Held by the Cerba HealthCare Group
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom