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Last updated : 22/09/2026 - 14h40
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Eurosatory 2026: CSG Unveils Trident, a Multilayer Air Defense System

At Eurosatory 2026, the Parisian defense expo, the industrial and technological group CSG presented its new multilayer air defense system, Trident. This modular system aims to protect military formations and strategic installations against a wide range of aerial threats, from aircraft to drones and guided missiles.


Eurosatory 2026: CSG Unveils Trident, a Multilayer Air Defense System

A Modular Architecture Designed for Operational Adaptability

Trident is structured as a short-, medium-, and long-range system whose configuration varies according to the operational needs of the client. Beyond guided surface-to-air missiles, it incorporates cannon-based weapon systems, anti-drone devices, and elements of electronic warfare or jamming.

In its standard configuration, the system uses various types of surface-to-air missiles covering ranges up to 100 km equipped with infrared and radiofrequency seekers. A Trident battery includes several specialized vehicles: a fire control center, missile launch and reloading vehicles, mobile AESA 3D radars with ranges of 200 km and 470 km depending on the model, and a maintenance support vehicle. In an extended configuration, the system can be enhanced with anti-drone elements including dedicated radars, precision weapons with area effect munitions, and specialized interceptors.

CSG and Its Partners for the Integration of Trident

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The production and integration of Trident involve several companies within the CSG group as well as an established foreign partner. Excalibur International, a key entity of the group in air defense, manages the architecture and main integration of the system. Retia manufactures the radars and provides the command and control system, including the modular ReCUBE platform serving as a mobile command center. Tatra Trucks provides the Tatra Force chassis that support the system components, while Tatra Defence develops and produces armored cabins, superstructures, and launch systems.

Roketsan, a Turkish company and strategic partner of the group, supplies short, medium, and long-range surface-to-air missiles as well as launch structures. This cooperation combines Czech expertise in vehicle platforms, radar technologies, and systemic integration with the ballistic capabilities of the Turkish partner, a model that has already proven successful in previous projects of Excalibur International.

Major Contracts in Southeast Asia Confirming the Group's Trajectory

Over the past few years, Excalibur International has secured major contracts in Southeast Asia. In April 2026, the group concluded contracts in this region worth nearly 2.5 billion USD for the supply of several batteries of multilayer air defense systems on Tatra chassis, including the systems themselves, extended logistical support, personnel training, spare parts supplies, support infrastructure, and export financing arrangements.

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Sector Aéronautique 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.

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