The MoU was signed at the Hradčany Castle in the presence of Czech Republic President Miloš Zeman.
“This opportunity will allow us to incorporate Czechoslovak Group into our existing global supply chain for our broad spectrum of defence products.”
The companies will work to enable the exchange of defence technology between the two countries, which will allow the implementation of projects in the Visegrad states and other countries.
CSG will partner with Rheinmetall in its projects, along with other defence companies in the Czech Republic in its supply chain.
Under the agreement, a joint venture (JV) between CSG and Rheinmetall Landsysteme will be established in the industrial zone of Tatra in Kopřivnice, Moravian-Silesian region.
This is expected to create skilled jobs in the new JV and the supply chain in the Czech Republic.
Czechoslovak Group owner Michal Strnad said: “We look forward to working together with Rheinmetall and firmly believe that our cooperation marks a milestone in the modernization of the armed forces and domestic industry of the Czech Republic.
Last week, Rheinmetall started delivering roll-off tipper vehicles to BwFuhrparkService (BwFPS), a military services provider to Bundeswehr (German Armed Forces).