ZVS Holding signed €58bn ammunition contract with Defense Ministry

ZVS Holding, jointly owned by the state and CSG (Michal Strnad), signed a massive €58bn seven‑year framework contract with the Defense Ministry to supply large‑ and medium‑caliber ammunition. It hopes other EU countries will join the contract. Slovakia wants to use it through the EU loan program SAFE, under which the government allocated €40m for ammunition. The company explains that the €58bn figure represents the potential production volume at full capacity. Last year, the company had €119m sales.

(hnonline.sk)