CSG Secures Over $50M in Contracts for Bridge-Laying Vehicles
Industrial and technology group CSG has signed multiple contracts for the supply of bridge-laying vehicles to five clients distributed across Europe, the Middle East, and Southeast Asia. These orders continue the company's defense activities, following half-yearly results published on August 7, 2026, marked by revenue of €3,251 million (+17.2% year-on-year).
CSG has indicated that it has signed several supply contracts for bridge-laying vehicles over recent months for the benefit of five clients located in Europe, the Middle East, and Southeast Asia. The contracts cover dozens of vehicles. Deliveries will be ensured within CSG by Excalibur Army, a company specializing in the development, production, and modernization of land military equipment.
Global Amount Exceeding $50 Million
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The total value of the contracts exceeds $50 million, according to the press release. The orders concern bridge-laying vehicles from the AM-70 and AM-50 series, designed to enable military units to cross watercourses, trenches, and other natural or artificial obstacles.
According to CSG, the AM-70 EX can deploy a bridge span of 13.5 meters in a few minutes with a crew of three personnel. Up to eight spans can be connected to cross breaches of up to 106 meters, with supports reaching trenches of six meters in depth. The AM-50 EX has a MLC 50 load classification and the AM-70 EX has a MLC 70 classification according to STANAG 2021. Both vehicles are based on a TATRA 8×8 chassis and reach a maximum speed of 90 km/h. Depending on customer requirements, the cabin can be protected by armor up to level 2 according to STANAG 4569.
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SectorAéronautique et Défense›Défense
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 3 251 millions d'euros
Quarterly revenue: 3 251 millions d'euros
Revenue growth: 17,2 %
EBITDA: 863 millions d'euros
EBITDA margin: 26,5 %
Net income: 571 millions d'euros
Free cash flow: -742 millions d'euros
2 914 millions d'euros
Guidance from the release
CSG continues to expect revenue in the range of €7.4 to €7.6bn, Operating EBIT margin of approximately 24–25%
Risks mentioned
Flux de trésorerie opérationnel avant impôt négatif de 411 M€ lié au pré-stockage de composants
Ratio dette nette/EBITDA à 1,6x, en hausse par rapport à l'objectif de fin d'année de 1,3x
Besoin en fonds de roulement net représentant 40,1 % du chiffre d'affaires LTM, en forte hausse
Opportunities identified
Carnet de commandes et pipeline total en hausse à 46 milliards d'euros contre 44 milliards en mars 2026
Lancement de CSG Land Systems North America pour développer la présence sur le plus grand marché de défense mondial
Création de la coentreprise Firecrest Aerospace pour la propulsion de drones et systèmes sans pilote
Outlook / guidance
Expected revenue: 7 500 millions d'euros
Management commentary: CSG continues to expect revenue in the range of €7.4 to €7.6bn, Operating EBIT margin of approximately 24–25%, capex intensity of approximately 8.5% of revenue, and net working capital below 20% of revenue.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
