Czechoslovak Group forms new CSG aerospace division

Czechoslovak Group (CSG) has announced it has strengthened its position in the field of aviation and radar technology with its aerospace division, the company said.

To enable synergies among CSG´s aerospace companies and improve their coordination, the CSG Aerospace division, established within the CSG holding structure has become the leading player of the Czech aerospace industry, thanks to the planned turnover of five billion crowns this year.

CSG Aerospace takes the form of a joint-stock company, associating its individual businesses. A brief introduction of these companies follows:

CS Soft develops and supplies air traffic management systems for both civilian and military applications.

Česká Letecká Servisní ensures the integration of avionics and the modernization of cockpits in helicopters and aircraft of various types.

Eldis Pardubice is a world-famous specialist in airport surveillance radars, precision landing radars and air traffic control systems.

European Air Services is engaged in the sale of aviation equipment and spare parts, their modernization and maintenance, as well as various types of flight training.

Excalibur International is a company that provides financing for major projects and plays the role of an exporter to international markets. It has its representatives in various countries of the world.

New Space Technologies is a design office dedicated to aircraft design and development. Its key activity is the development of CANTAS, a family of unique UAVs, suitable for both military and civilian use.

Retia develops, manufactures and integrates radar systems for ground air defense systems, C4 systems and recording systems.

Slovak Training Academy provides comprehensive flight training of military and civilian personnel, repair and maintenance services, as well as special and commercial air transport. The SLOVAK TRAINING ACADEMY is currently the only commercial operator of the Sikorsky UH-60A Black Hawk outside the US.

The companies incorporated into the newly created division generated a turnover of nearly CZK 2.9 billion in 2017, and at the end of 2017, they employed nearly six hundred high-skilled workers. This year, the expected turnover is more than five billion crowns, making CSG AEROSPACE the largest Czech aerospace business of global significance.

The CZECHOSLOVAK GROUP is a holding based on the tradition of Czechoslovak industry in the field of civilian and defense industrial production. Its portfolio includes the production and sale of engineering products for the automotive, rail, aircraft and watchmaking industries, as well as the production of special vehicles, off-road trucks, weapons and weapon systems or ammunition. The companies of the CZECHOSLOVAK GROUP employ more than 8,000 people and in the year 2017, they generated revenues worth CZK 25 billion.