Czech Republic Awards BAE Systems $2.2 Billion Contract to Acquire 246 CV90s
24 Mai 2023 - 4:14PM
Business Wire
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.
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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. (Credit: BAE Systems)
“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
Örnsk�ldsvik, 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20230524005631/en/
Ola Thorén, BAE Systems Office: +46 660 80506; Mobile: +46 708
335000 ola.thoren@baesystems.se www.baesystems.com
@BAESystemsInc
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