Niewiadów has an ammunition contract with German Rheinmetall. Record share price


It was omitted among the 139 entities that were supposed to be beneficiaries of the SAFE program, according to media information from representatives of the private company Niewiadów PGM. This is an entity that, according to the latest information, is to start producing 155 mm ammunition, which the Polish army lacks the most, at the end of this year, in the amount of 120,000. pieces per year. Ultimately, it is to be 180,000. annually.
The project is co-financed by, among others: By Forum 119 FIZ (Fidera Group fund), which is the main strategic investor in Niewiadow and co-financed the construction of a 155 mm ammunition factory with PLN 250 million and the construction of a 40 mm ammunition factory with PLN 60 million. The Ministry of State Assets did not respond positively to the company's proposal of co-financing, and the company is not on the list of co-financing from large government programs for ammunition.
In the process of building production capacity, Niewiadów uses the technological partnership of the American Northrop Grumman. A production line will be imported from the Slovak company Konstrukta Industry, which will enable the loading of 155 mm ammunition using the lunking method (a key technology for filling the explosive charge). The assumed deadlines are much shorter than the plans to expand PGZ's state capacity.
Agreement with Rheinmetall
The subsidiary of Niewiadów-PGM, Zakłady Sprzętu Precyzyjj Niewiadów, concluded on Friday a framework agreement with Rheinmetall Expal Munitions regarding the use of the capacity of the Research and Development Center operating within the structures of ZSP Niewiadów – the company said in a press release.
The contract was concluded within the existing OBR ZSP Niewiadów and concerns the implementation of research and development work related to ammunition. The detailed scope of work will be specified in separate execution orders. The company's shares shot up by over 7% and during the day they set a historical record of PLN 19.44.
The model of cooperation with Rheinmetall assumes settlements related to covering the costs of carrying out individual works and using research infrastructure.
It was indicated that the implementation of the contract would enable further development of OBR competences, expansion of technological knowledge and building experience in the functioning and development directions of modern ammunition.




