Armies are replenishing warehouses, and some companies just can’t keep up with production. The Czech arms industry is also doing very well. This year, sales will rise to 45 billion crowns, the increase expected by arms companies and the Defense and Security Industry Association. Due to the war in Ukraine, sales increased three times over last year. According to the STV Group, expensive energy has a negative effect on results.




Prague

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Smaller types of weapons – rifles or pistols (illustration) – have always been among the most popular Czech products. Photo: Anna Kotova | Source: Czech Radio

“I think there is hysteria in the military equipment market. All prices are going up, whether it is a finished product or an ingredient,” he says Pavel Biran, Chief Financial Officer of STV Group, Radiožurnál.


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According to him, energy prices have a negative impact on business due to the restriction of supplies from Ukraine and Russia. “Maybe we don’t need to talk about energy,” he notes.

“It is no longer possible to take materials from some countries, where it was previously possible, because it is technically impossible to import them,” continues Beran. withThe company, which also produces bullet-proof vests, among other things, expects sales of five billion crowns.

Military analyst Jerry Vujaczyk predicts that arms companies will continue to thrive, thanks to increased spending on state defense. The budget of the Ministry of Defense of the Czech Republic is set to increase by 20 billion to 110 billion crowns next year.

Small types of weapons – rifles or pistols – have always been among the most popular Czech products. The president of the Defense and Security Industry Association, Jerry Hynek, emphasized that the biggest “hunger” is mainly for cartridges.

“Not only for small-caliber ammunition, but also for medium-caliber ammunition for cannons or large-caliber ammunition for howitzers,” says Hynek. For example, explosives maker Explosia should report record earnings this year.

Adela Baruchova, Lion

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