What Happened
European Defence Group Secures High-Value NATO Deals
Global industrial-technology group CSG has secured two major contracts for the supply of mechanical and electronic fuzes for large-calibre ammunition, with a total value in the high tens of millions of euros. The components were ordered by two European customers from NATO member countries, with production involving Fuchs Electronics Europe, a new business to be established between CSG and South Africa’s Reunert in Slovakia. This development was reported by GlobeNewswire.