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," said Wojciech Dąbrowski. According to him, key defense companies should create a single entity by 2018. Presenting the new strategy, Dąbrowski said that PGZ wants to triple its revenues to PLN 12 bln with 50 percent coming from exports. PGZ encompasses 38 Polish defense companies, employs 17,500 people and has revenues at PLN 4 billion.