Fund linked to arms group CSG is investing again, this time in an anti-drone missile maker
Published
An investment fund linked to the arms group CSG is active again. According to the company's announcement, it will invest in a maker of anti-drone missiles. This move shows that interest in defence technologies in Europe continues to grow.
The company in which the fund is investing is valued at more than $90 million, according to its own announcement. The investment round included several Canadian investors. Among them is the leading investment fund One9.
Anti-drone missiles are used to destroy or intercept unmanned aircraft, so-called drones. Demand for these systems has increased in recent years. The reason is the growing use of drones not only by armed forces, but also in attacks on civilian targets.
No further details are yet known about the amount of the investment or how the company plans to use the money. Information about its financial results and the company's further development will be published later.
Sources: Lupa.cz
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