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PGZ Group's export on the substantial increase

09.01.2018

Compared to 2016, over the past twelve months, PGZ recorded a dynamic growth of over 43% in exports. The Group has also managed to double the value of identified export projects, there currently are over 500 of such projects worldwide. The total value of these proceedings is approximately PLN 50 billion.

The PGZ Group is gradually expanding its portfolio of export orders, making up for lost years. In addition to the domestic market and production for civil markets, exports are one of the three pillars that guarantee the Group financial stability and development funds for all PGZ companies. With its products, the Group is present today on all continents, presenting a rich portfolio of products and services both at the largest industry events, as well as at closed demonstrations for representatives of the Armed Forces of  allied states.

The result which was achieved in 2017 is undoubtedly a success to which all entities from the Group have contributed. It should be noted, of course, that the assistance provided by the Ministry of National Defense, our partner at many prestigious armaments fairs, provided an invaluable contribution to the result. This was the case in Asia and the Middle East, which are for us the most promising markets in the next few years. However, we can not rest on our laurels - because of the past mistakes made in many absorbing markets, such as Malaysia and India, the opinion about the Polish defense industry is unfortunately not the best at the moment. This is another challenge we face and I believe that today's activities at improving this state of affairs will soon bring visible and measurable results – said Maciej Lew-Mirski, a member of PGZ S.A.' Managing Board.

The export orders portfolio of the PGZ Group is systematically growing. In 2016, we managed to export nearly PLN 560 million and secure contracts for a total of over 860 million. The year 2017 has already brought nearly PLN 798 million from completed contracts and PLN 1,250 million from secured agreements. Within two years, the Group managed to double both the quantity and value of the identified export projects. Currently, PGZ runs over 500 export projects with a total value of approx. PLN 50 billion. These include agreements on complete weapons systems, such as the "Krab" self-propelled howitzers or MSBS "Grot" carbines, as well as modernization packages for   equipment of Eastern origin or participation in the supply chains of international tycoons in the security sector.

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Polska Grupa Zbrojeniowa (PGZ) is a leader of the Polish industry and one of the largest defence groups in Europe.It concentrates more than 60 companies (from defence, shipyard, and new technologies sectors), achieving annual revenue of approximately 5 billion PLN.By making use of the technology Polonisation potential, close co-operation with Polish scientists, and focus on the research and development process, PGZ offers innovative products which enhance Poland’s security.PGZ offers, among other things: the very short-range anti-air defence system comprising the “Poprad” system and the “Soła" radar; the “Grom” and “Piorun” man-portable anti-aircraft missile systems; the “Pilica” very short-range anti-air missile and artillery system; the PGZ-19R unmanned aerial verhicle system; the “Rosomak” wheeled armoured personnel carrier; the “Rak” self-propelled mortar; the artillery system comprising the “Krab” self-propelled gun-howitzer; the individual soldier equipment with “Beryl” and “Grot” assault rifles.PGZ also has competencies in designing, construction, and furnishing of sea vessels.Furthermore, PGZ modernises and provides maintenance for vehicles, airplanes, helicopters, and vessels (including the equipment used by the former USSR).In the coming years, PGZ will be developing aerospace and satellite technologies, as well as cyber technologies.

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Spokesman of PGZ S.A.

rzecznik@pgzsa.pl

ul. Nowy Świat 4a 
00-497 Warszawa



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