BRIEF-CSG says it will start producing jet engines in United States

- CSG NV CSG.AS:

  • CSG SAYS IT WILL ESTABLISH SERIAL PRODUCTION CAPABILITIES IN WISCONSIN, UNITED STATES, FOR JET ENGINES FOR DRONES UNDER UNIT CALLED FIRECREST AEROSPACEDRONE

  • CSG SAYS PRODUCTION IN STEVENS POINT, WI, WILL BE FOR TURBOJET AND TURBOFAN ENGINES DESIGNED FOR UNMANNED AIRCRAFT SYSTEMS, PRECISION DEFENCE SYSTEMS, LOITERING MUNITIONS AND OTHER NEXT-GENERATION APPLICATIONS

  • CSG SAYS INITIAL INVESTMENT OF UP TO $15 MILLION

  • CSG SAYS PRODUCTION IS EXPECTED TO GROW FROM HUNDREDS OF PROPULSION UNITS TO SEVERAL THOUSAND ENGINES PER YEAR; INITIAL ASSEMBLY IS EXPECTED TO BEGIN WITHIN MONTHS, FULL-SCALE PRODUCTION IN 2027

Further company coverage: CSG.AS