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    BA.   GB0002634946

BAE SYSTEMS PLC

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BAE : offers advanced combat-proven CV90 to Czech Army in partnership with VOP

09/03/2021 | 09:59am EDT

BAE Systems confirmed its bid submission for the combat-proven CV90 to the Czech Ministry of Defence for the BMP II Replacement Program.

In partnership with state-owned defense integrator VOP CZ s.p., the team's offer will ensure the production and delivery of the CV90 MkIV Infantry Fighting Vehicle on schedule and to budget, as well as protecting the sovereignty of the Czech Army and Czech industry in the service and future development of the vehicle.

BAE Systems Hagglunds, the manufacturer of the CV90, has delivered multiple CV90 export programs to European customers. The team's highly successful and proven industrial cooperation approach is closely aligned to the Czech Republic's industrial aspirations, including the co-development and delivery of tracked combat vehicles with VOP CZ s.p.. BAE Systems also has arrangements with more than 30 state and privately-owned companies, as well as strong links with Czech Academia including the Czech Technical University in Prague (CTU).

'We are confident that the CV90 MkIV, modernized with the most advanced capabilities, is the best choice for the Czech Army, not only to protect its soldiers but also to secure the future of its nation's defence forces,' said Tommy Gustafsson-Rask, managing director of BAE Systems Hagglunds. 'Successful industrial cooperation goes beyond the mechanical assembly of the vehicle or the creation of new factories. Its foundations are built on playing a high-value and strategic role in the development, production, training, and support of the vehicle and all its variants.'

The CV90 MkIV offer also includes the most recent turret configuration designed to provide increased capabilities through the integration of the latest generation of sensors and active survivability systems, added weapon capabilities, and enhanced crew and squad ergonomics. Built on combat-proven experience and data analysis from the CV90's seven existing users, the improved CV90 MkIV turret also reduces cognitive load on crews through greater use of A.I. to meet the growing needs of the modern battlefield.

'We believe our strategic relationship with VOP CZ s.p., combined with the modern, combat-proven CV90 MkIV, is the right formula for a successful program in the Czech Republic,' concluded Gustafsson-Rask.

The CV90 is in operation with seven nations: Denmark, Estonia, Finland, Norway, Sweden, Switzerland, and the Netherlands. With close to 1,300 CV90s of numerous variants in service, the vehicle has a combat-proven track record and is designed to accommodate future growth to meet evolving missions.

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Sales 2022 22 211 M 27 695 M 27 695 M
Net income 2022 1 523 M 1 899 M 1 899 M
Net Debt 2022 2 227 M 2 777 M 2 777 M
P/E ratio 2022 15,6x
Yield 2022 3,48%
Capitalization 23 923 M 29 829 M 29 829 M
EV / Sales 2022 1,18x
EV / Sales 2023 1,10x
Nbr of Employees 90 500
Free-Float 92,6%
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