And the production is expected to start in early 2025."We plan to produce and supply about 100,000 rounds of ammunition next year and more than 300,000 in 2026. The process of equipment preparation has already begun," Ukrainian Armor's CEO Vladyslav Belbas said.Ammunition will be manufactured in both Ukraine and the Czech Republic, which will increase its production and reduce the costs, Belbas added.The contract includes the production of three types of 155 mm artillery shells. The companies also plan to produce other types of shells and other defense products, such as spare parts for armored vehicles, Militarnyi said.In early March, Bloomberg and Reuters reported that CSG plans to invest "hundreds of millions of euros" in Ukraine to boost its supply of ammunition and equipment.CSG was in talks with state-owned enterprise Ukrainian Defense Industry (UkrOboronProm) on a potential joint venture, billionaire owner Michal Strnad told journalists on March 6.The company has sent around 150 pieces of equipment to Ukraine, funded by other EU or NATO countries, since the start of the full-scale invasion, Strnad told reporters.CSG already produces ammunition, Tatra trucks, and armored vehicles, as well as modernizes Soviet T72 tanks for Ukraine.US company AeroVironment plans to start producing Switchblade loitering munitions in UkraineThe U.S.

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