CSG NV projects revenue to reach €7.6 billion ($8.8 billion) by 2026, marking a 72% surge from last year's €6.74 billion. The Czech defense contractor announced its first earnings report since going public in January, revealing a €15 billion backlog that signals sustained demand.

CEO Michal Strnad attributes the boom to geopolitical tensions driving NATO and allied nations to increase defense spending. The company has secured major contracts including military truck deliveries to an Asian customer and Leopard 2A8 tank hull production with KNDS. This marks CSG's strongest weapons demand since the Cold War ended.

The defense sector's resurgence follows Russia's 2022 invasion of Ukraine, which triggered a global arms procurement surge. CSG has become a key supplier of munitions and armored vehicles to Ukraine. The company's IPO in Amsterdam earlier this year capitalized on this rising demand, instantly making Strnad the richest Czech person with a net worth of $31.9 billion.