19. April 2023 at 16:42

Slovak firm to invest €10 million to produce combat vehicles

Koval Systems deal with Swedish company will create 60 jobs.

A CV90 in the service of Swedish army. A CV90 in the service of Swedish army. (source: WIKIMEDIA CC)
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Slovak engineering firm Koval Systems is to invest a reported €10,000,000 in a new production hall after signing a deal to help produce a combat vehicle for Swedish company BAE Systems Hägglunds.

The concern, based in Beluša, Trenčín Region, will work on producing parts of the CV90 combat vehicle, creating 60 new jobs.

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Production is expected to start in the first quarter of 2024.

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Koval Systems is the second Slovak company to ink a deal with the Swedish firm after Dubnica-based Konštrukta Defense signed a contract to produce gun barrels for the Swedish army.

Officials at AE Systems Hägglunds say the company plans on signing a further 30 to 40 Slovak companies this and next year to participate in the production of the CV90.

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