ENXTAM:CSGAerospace & Defense
A Look At CSG (ENXTAM:CSG) Valuation As New NATO Ammunition Contracts And JV Expand Its Defence Business
New defence contracts put CSG (ENXTAM:CSG) in focus
CSG (ENXTAM:CSG) has secured two long term contracts to supply mechanical and electronic fuzes for large calibre ammunition to two European NATO customers, with a total value in the high tens of millions of euros.
The deals involve a new Slovakia based venture, Fuchs Electronics Europe, with Reunert Limited and are set to start deliveries this year, giving investors a fresh reference point for the company’s defence order book.
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