People By

Michal Strnad's CSG launches US jet engine plant for drones

Michal Strnad launches US production of jet engines for drones through CSG

The Czech industrial holding CSG, led by Michal Strnad, has announced it will build a factory in the US state of Wisconsin for the serial production of jet engines for drones and unmanned systems. The project will be carried out by the new company Firecrest Aerospace — a joint venture between CSE USA and AviaNera Technologies, both part of the CSG group — with initial investment of up to $15 million.

The plant will be located in the city of Stevens Point and will produce turbojet and turbofan engines for unmanned aerial vehicles, precision-strike systems and next-generation loitering munitions. The first phase involves assembly, integration and testing of products for American customers, followed by a move to full-scale serial production with in-house engineering. While the company is currently talking about producing hundreds of propulsion units, it plans to be manufacturing several thousand engines a year once it reaches full capacity in 2027.

“Unmanned systems will fundamentally change the future of the defense industry and the face of modern military operations. That’s why CSG is building its own long-term capabilities — from propulsion systems to other key subsystems and serial-production capacity,” said Michal Strnad, CEO and chairman of the board of CSG. According to him, AviaNera confirms the group’s ambition to become a major international player in drone technology, and the Firecrest Aerospace project in Wisconsin is an important part of that strategy.

CSE USA CEO Paul Lemke called the investment an important step toward building a strong manufacturing base for advanced propulsion systems directly on US soil. The project will also include building infrastructure at Stevens Point Municipal Airport for engine integration, ground testing and flight validation.

The Wisconsin site will become part of AviaNera Technologies’ international network, which brings together research and production facilities in Serbia, India and the UAE, as well as a manufacturing reference center in Czechia. CSG’s strategy rests on the premise that the war in Ukraine has turned drones and unmanned systems into one of the key elements of modern combat, and Strnad’s holding is betting on controlling a significant share of the value chain — from propulsion systems to autonomous technologies and integration systems.

Share: Telegram WhatsApp

More U.S. news

US and Israel Reportedly Plan Short, Intense Iran Strike Campaign After Midterms
The U.S. and Israeli militaries have developed detailed plans for renewed strikes on Iran after the U.S. midterm elections on Nov. 3, The New York Times reported Wednesday, citing American officials a
Democrats Sue Trump Administration Over Alleged Pressure on State Election Officials
The Democratic National Committee and other Democratic groups have sued the Trump administration, accusing it of using unproven claims of noncitizen voting to pressure states and threaten election off
Trump Cheers Rally Attendee Who Apparently Punched Protester in South Carolina
President Donald Trump praised a rally attendee who apparently punched a protester at a campaign event at Clemson University in South Carolina on Wednesday, according to The Guardian. Several demonstr
Tesla Earnings Preview: Merger Talk, AI Spending and Delivery Numbers in Focus
Tesla is about to report third-quarter financial results, and Wall Street is paying as much attention to a possible tie-up with SpaceX and the company's AI spending as to car sales, according to Busin
Offspring Guitarist Noodles Steps Back From Live Shows for 'Serious' Health Issue
Noodles, the longtime guitarist of The Offspring, announced on Oct. 21 that he is stepping away from live performances to deal with a health issue. In a statement posted to social media, he described
What EA's BioWare Closure and 400 Layoffs Mean for Players and Staff
Electronic Arts is shutting down BioWare, the studio behind Mass Effect and Dragon Age, and canceling the next Mass Effect game as part of a restructuring that will cut about 3% of its global workforc

Related news

The PPF investment group, controlled by the family of Renata Kellnerová, more than doubled its net profit in the first half of the year. It reached €834 million, or more than 20 billion crowns. A year earlier the figure stood at €325 millio
The Penta investment group is expanding its range of funds: the Penta Healthcare Infrastructure Fund, which will invest in medical infrastructure and real estate, has been launched under Penta Fund CEO Tomáš Chochmeister. The target yield i
Two hotels of the Czech chain Czech Inn Hotels — The Grand Mark Prague and Grand Palace Riga — have made the 2026 Michelin Guide hotel selection. The Prague hotel is included for the second time, the Riga one for the first. Both appear on t
Czech architect Petr Hájek, who is on Forbes' list of the country's best architects, has designed extensions for Prague's Invalidovna. Even before they are built, the project is being called unique: two modern volumes resembling angel wings
Prague startup ArtMaster, founded by Radim Vysoký and Michal Novák, has raised $2.4 million, more than 50 million crowns, in a seed round. The money will go into developing AI models that help people learn musical instruments on their own a
Richard Valtr, founder of the hotel software giant Mews, has set an ambitious goal for the company: revenue of $1 billion by 2030 at the latest. He also expects the entire group to become profitable as early as next year.He said this in an
The EP Group of Czech billionaire Daniel Křetínský has received European Commission approval to increase its stake in the French electronics retailer Fnac Darty. It can now announce a voluntary public offer to buy additional shares and conv
Jan Sýkora, co-owner of the investment giant Wood & Company, has proposed an ambitious plan to the state for turning Czechia into a country that attracts talent and capital. He shared his ideas at the Forbes “Better Czechia” conference in K
Czech defence group Czechoslovak Group (CSG), owned by the richest Czech, Michal Strnad, is moving beyond ammunition and heading into space defence. Its finance chief, Zdeněk Jurák, spoke about the company’s plans at the Forbes “Best of Cze
Czech and Slovak investment groups have entered the Polish pharmacy market: Penta Investments, Sev.en, Creditas and Auctor Holding (J&T group) have jointly bought the Gemini Polska chain, one of the largest in the country. Each of the four
Jan Fabini, founder of the Czech cookware brand Fabini, has bought out the stake of his first investor, Jiří Hlavenka. After the deal closes he owns 97 percent of the company, while the remaining three percent stays with CEO Radka Vaculíkov
Czechia is the world's largest consumer of Kampot pepper. In eight years, the Czech project .pepper..field has turned it into a premium product that is shipped to homes and companies around the world. Now the founders, Klára Dognalová and D