Czech arms makers set sights on space defense in bid to sustain Ukraine-driven arms boom

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Czech arms maker Czechoslovak Group (CSG) announced in mid-October that it has acquired a stake in Canadian space technology manufacturer MDA Space. This space mission is part of the company's bid to continue riding the boom that has transformed its fortunes in recent years. When it listed on the Amsterdam Stock Exchange earlier this year, CSG soared to become the most valuable company in Central and Eastern Europe, with a market capitalization of €14.6 billion ($16.4 billion), propelling its owner, Michal Strnad, to the top of the region's rich list.