The Canadian anti-drone missile CM-70 Spear could potentially be delivered to Ukraine after the Czech Czechoslovak Group (CSG) became a strategic investor in its developer, North Vector Dynamics (NVD). This was reported by Defense Express, writes UNN.
Details
CSG announced an investment in the Canadian company, which specializes in the development of air defense and hypersonic technologies. The amount of the deal was not disclosed, but following it, NVD's valuation is estimated at more than $90 million.
One of the company's main products is the compact CM-70 Spear interceptor missile, which is 72 centimeters long and capable of reaching speeds of more than 1,000 km/h. Defense Express notes that it could become an effective means of combating jet-powered attack drones.
There have been no official statements about its transfer to Ukraine so far
CSG CEO Michal Strnad stated that the company is not only investing in NVD but also providing it with production capabilities and access to its commercial network, particularly in Ukraine, NATO countries, and partner states.
We offer industrial expertise, production capabilities, and a commercial network in Ukraine, NATO member states, and partner countries around the world
Defense Express emphasizes that such cooperation could increase the likelihood of the CM-70 appearing in Ukraine, but there have currently been no official reports about the delivery of these missiles to the Ukrainian side.