Locked content PGZ and Comarch join hands

Polish Defense Holding (PGZ) and Polish IT company Comarch, have signed a letter of intent under which they will cooperate in the field of the Polish Army’s modernization, the companies announced at a press conference. This is PGZ’s first agreement reached with a civil company, which is ...

Locked content PGZ won’t bid for Autosan

A consortium comprising HSW, PIT-Radwar (included in Polish Defense Holding – PGZ) and SKB Drive Tech has withdrawn its offer to acquire bus producer Autosan, the Polish Press Agency (PAP) reported citing the company’s receiver. The fifth auction for insolvent Autosan is being held, afte...

Locked content PGZ wants to triple revenues by 2030

Polish defense holding Polska Grupa Zbrojeniowa (PGZ) has presented its new strategy at the 23rd International Defense Industry Exhibition MSPO in Kielce. “We have consolidated the industry, the time has come for business integration in order to put PGZ in the top 10 European armaments firms,&...

Locked content Raytheon and PGZ becomes partners

US  maker of the Patriot missile defense system Raytheon has signed a letter of intent with Polish Defense Holding (PGZ) on an industrial partnership, Rzeczpospolita daily reported. Raytheon won a tender to build the Polish anti-aircraft defense anti-missile system dubbed Wisła and the agreement sti...

Locked content PGZ records huge revenue in 2014

The Polish defense holding Polska Grupa Zbrojeniowa (PGZ) recorded over PLN 5 billion in revenue and PLN 226 million net profits last year, Wojciech Dąbrowski, the CEO at PGZ said at a press conference on Tuesday. Consolidated revenue reached nearly PLN 2 billion and consolidated net profits stood a...

Locked content PGZ with cash injection from goverment

By next year, Polska Grupa Zbrojeniowa (Polish Defense Holding) will obtain nearly PLN 500 million from the governmental fund FRP, State Treasury Minister Włodzimierz Karpiński informed the Polish press Agency. “This money will allow Polish defense companies to reach technological and producti...

More supervision needed in defense projects – watchdog

The Ministry of Treasury and the Ministry of Defense should maintain better oversight over projects carried out for the Polish Defense Holding (previously Grupa Bumar), was the main conclusion of a report following an audit by the Supreme Audit Office (NIK). Several of the 15 projects currently bein...

Locked content Poland sets eyes on space research

Poland is planning more scientific activity in space, Puls Biznesu reports. One of the projects, valued at PLN 700 million involves the construction of a satellite optoelectronic Earth observation system. “We plan to place two satellites with different observation equipment on the orbits of the Eart...