2023-05-24 11:34:00 ET
- The Czech Republic concluded negotiations with Sweden, FMV, and BAE Systems ( OTCPK:BAESY ) to purchase 246 CV90 MkIV infantry fighting vehicles in seven variants for about $2.2B.
- The contract is valued at SEK 22 billion ($2.2 billion) and provides highly-capable vehicles for Czech soldiers.
- Czech industry secures a significant role in the program, with local partners delivering 40% of the acquisition's value in development, production, and assembly contracts.
- The partnership with BAE Systems enhances the local defense sector, granting access to global supply chains and future industrial opportunities.
- The CV90 MkIV is a battle-proven vehicle with tactical and strategic capabilities, deployed globally under NATO and UN mandates.
- BAE Systems Hägglunds has produced over 1,400 CV90s for European countries, with the Czech Republic and Slovakia joining as the eighth and ninth member countries of the CV90 User Group.
- Press Release
For further details see:
Czech Republic awards BAE systems $2.2B contract for 246 CV90s acquisition