The Czech industrial and technology conglomerate CSG (Czechoslovak Group) has become a strategic investor in Canadian company North Vector Dynamics (NVD), known for its air defense technologies and ongoing research into next-generation hypersonic systems.
In its press release, CSG emphasizes that with these investments, it is "expanding its technological capabilities in fields that will shape the future of modern defence over the coming decades."
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The amount of the investment remains undisclosed, but the deal values North Vector Dynamics (NVD) at more than $90 million, marking the first public disclosure of the Canadian company's valuation.
The Chairman of the Board and CEO of CSG Michal Strnad commenting on the investment in the Canadian company emphasized that NVD is "developing a series of interceptors with the potential to fundamentally shape these capabilities in the years ahead."
One of this company's leading products is the CM-70 anti-drone missile, which can reach speeds of over 1,000 km/h and is expected to be an effective solution against long-range jet-powered strike drones.
It is possible that, thanks to Czech investments, this Canadian missile could eventually end up in Ukraine. At the very least, Strnad stated that, in addition to investments, CGS offers the Canadian NVD "industrial expertise, manufacturing capabilities, and commercial network in Ukraine, across NATO member states, and with partner nations around the world." Given that CSG works closely with Ukraine, such a scenario is entirely plausible.
In a post on X, NVD emphasized that access to a commercial distribution network across NATO member states and partner countries is precisely what the company needs to accelerate the deployment of its CM-70 anti-drone missile. At the same time, it is clear that no official announcement has been made regarding the possibility of supplying it to Ukraine.
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