PGZ plans PLN 5 billion income in 2015
13:51
As the exports of Polish weapons declined last year, Polska Grupa Zbrojeniowa (PGZ or Pegaz) instead plans to equip the Polish army. This year's deliveries include 45 multi-role military vehicles Rosomak, anti-aircraft missile sets Poprad, air defense radars TRS-15 and Polish ammo for the Leopard tanks, among others.
PGZ also intends to focus on innovations in order to win new contracts. “Participation in large modernization projects and off-set agreements allow us to come up with innovative products,” Wojciech Dąbrowski, CEO of Pegaz, told daily Rzeczpospolita.
The company plans to reach PLN 5 billion income this year.
PGZ consists of 30 state-owned armament producers, it employs 19,000 people.
