Exclusive interview by Martin Drda for Novinky.cz
We are ready to invest up to five billion crowns in the development of munitions production and development.
In an interview with the news portal Novinky.cz, Martin Drda, co-owner of the STV technology and industry group of companies controlled by STV INVEST, revealed that the plan is to invest up to CZK 5 billion in the development of production and development capacities. However, the key prerequisite for an effective launch and allocation of resources is a precise specification from the state - both in terms of technical specifications and future requirements for the quantity of ammunition.
"Time is running out. The development and production of new capabilities takes time, and without a clear assignment from the state, some work cannot even begin," says Martin Drda. In the interview, he also points out that the group already produces ammunition in the hundreds of thousands of units a year. Most of the profits will be reinvested in increasing the Czech Republic's defence self-sufficiency.
Last year, the group achieved record sales of almost 14 billion CZK and after-tax profits of 5.5 billion CZK. Over 90% of production is exported, but the Czech Army remains the most important customer. Last year, deliveries to the Czech army amounted to CZK 580 million.
At the same time, STV GROUP declares a clear ambition: to build a fully self-sufficient system of development and production of ammunition in the Czech Republic - from chemical components to fuses to final products. All this with maximum use of Czech know-how and professional capacities.
➡ Read the full interview here: Ukraine has set the arms industry in motion. Czech manufacturer STV Group plans billion-dollar investment - Novinky.cz
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