Czech Republic Awards BAE Systems $2.2 Billion Contract to Acquire 246 CV90s
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/
Ola Thorén, BAE Systems
Office: +46 660 80506; Mobile: +46 708 335000
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
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
The LYCRA Company’s Sustainability Director Joins Panel Discussion at the United Nations Conscious Fashion and Lifestyle Network Annual Meeting31.5.2023 12:00:00 EEST | Press release
The LYCRA Company, a global leader in developing innovative and sustainable fiber and technology solutions for the apparel and personal care industries, announced today that it is a supporting partner of the United Nations Conscious Fashion and Lifestyle Network Annual Meeting on June 1. The company’s sustainability director, Jean Hegedus, will be a panelist at the meeting taking place at the United Nations Headquarters in New York City that will bring together media, industry stakeholders, and United Nations representatives to highlight actions, solutions, and progress from the fashion and lifestyle sectors to advance knowledge and strengthen engagement of the Sustainable Development Goals. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230531005027/en/ The LYCRA Company’s sustainability director, Jean Hegedus, joins a panel discussion at the United Nations Conscious Fashion and Lifestyle Network Annual Meeting, which takes
Brussels Signal: New Media Outlet Promises to Shake Up EU Coverage31.5.2023 11:03:00 EEST | Press release
Digital publisher Remedia Europe is preparing a groundbreaking news outlet, Brussels Signal , that promises to provide fresh and candid coverage of EU affairs and the issues that matter most to the citizens of Europe. Brussels Signal will deliver rigorous reporting and analysis of the European Union. The news outlet aims to shake up the status quo by providing insightful and informed journalism that challenges prevailing ideas and policies, demands genuine accountability from decision-makers, and counters the marginalisation of dissenting voices on the issues facing Europe today. An early version of Brussels Signal opens May 31 with an invitation to join a live event with the new editors. Other features of the news outlet – including video content and newsletters – will roll out in the coming weeks, with events coming this autumn at the Brussels Signal’s purpose-built studio in the heart of the European Quarter of Brussels. The new media brand emerges at a time when the EU faces intern
Norwegian ISP Altibox chooses Alinto's secure email platform to provide messaging services to its clients31.5.2023 11:00:00 EEST | Press release
Norwegian ISP Altibox has decided to outsource its email platform to Alinto, with the aim of modernising its messaging services for 180 000 clients in the Nordics. The services provided are based on the SOGomail server and the Cleanmail security service, hosted by Alinto. This move happens a few months after the takeover of the SOGo open-source project by Alinto. It confirms the editors’ ability to address projects on an international scale and cover the whole email chain with GDPR-compliant solutions. Modernisation of an email platform used by 180 000 clients Until 2022, Altibox had a messaging platform built and operated in-house. As that platform started to require extensive maintenance operations, Altibox had to move to a new solution. "We had two options : discontinue the service and delete all the emails – which was not acceptable from a client standpoint, or outsource our email services as we did not have any internal resources to create a new solution”, Marius Ekeland explains.
MDS Global Launches an AI-powered Marketing Decision Intelligence Platform “MDS DecisionAI” That Enables Telcos to Reduce Churn and Increase Revenues31.5.2023 09:22:00 EEST | Press release
Today, MDS Global, a leading provider of converged B2B/B2C billing and BSS solutions, has launched MDS DecisionAI, a new marketing decision intelligence platform that leverages the power of artificial intelligence to provide the critical insight ambitious MNOs, MVNOs, sub-brands and fixed line operators need to grow and outperform the competition. MDS DecisionAI provides a full suite of telecoms specific AI modules including forecasting, churn, propensity models, and marketing and media mix analysis, that will help brands to optimise their marketing and commercial strategy. It enables them to identify monetisation opportunities and blind spots so they can make interventions sooner. As a result, operators will be able to maximise yield and revenue, for example by predicting churn and identifying a customer’s propensity to consider other products offered in a cross-sell campaign, or through better-informed proposition development. As part of MDS Global’s commitment to driving profitable
Gcore Makes Its Managed Kubernetes Service Available On Bare Metal31.5.2023 09:04:00 EEST | Press release
Gcore — a European provider of high-performance, low-latency, international cloud, and edge solutions — today announces the launch of major updates to its Managed Kubernetes service. Customers using the service can now run containers on bare metal servers in addition to using virtual machines (VMs). Running containers directly on bare metal operating systems improves latency and performance as well as removes interference from neighbouring VMs. The implementation is based on Kubernetes' Cluster API and comes with a high availability and uptime guarantee service level agreement (SLA). Seva Vayner, Director of Edge Cloud stream at Gcore, comments: “Most cloud vendors only support Kubernetes containers in VM-based infrastructure. Yet businesses in majority of industries as banking, healthcare, broadcasting, and gaming, among others, increasingly require an edge to support real-time applications and live-streaming graphics. That's where Gcore comes in. Our new bare metal service unlocks lo
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