Defence & Space

Hanwha Systems and BAE Systems Sign MOU to Build Next-Generation Reconnaissance Satellite System

Hanwha Systems, a leading South Korean defense and aerospace technology company, announced today that it has signed a Memorandum of Understanding (MoU)…

2025-06-10 | Redakcja | 2 minutes

Galvion awarded FBI contract for their Hellbender FE helmet

Galvion announces the successful award of a Federal Bureau of Investigation (FBI) contract for their Galvion Hellbender Federal Edition (FE) helmet…

2025-06-09 | Redakcja | 3 minutes

Karkonosze Program: A Game-Changer for the Polish Air Force’s Tankers?

The Polish Air Force has been requesting the acquisition of aerial refueling tankers for years. The program to procure a multi-role transport…

2025-05-23 | Sławek Zagórski | 5 minutes

Swedish A26 Submarine and Poland’s Orka Program

In early April, Saab organized a visit for representatives of the Polish defense media to the Saab Kockums shipyard, located in Karlskrona…

2025-05-08 | Przemysław Gurgurewicz | 16 minutes

SBU on Operation Spider’s Web Details: Was a Tu-160 Strategic Bomber Destroyed?

The Security Service of Ukraine (SBU) has released a video compilation showing all FPV drone strikes carried out with Osa-type drones…

2025-06-07 | Rafał Muczyński | 3 minutes

Iron Beam with new laser director

Rafael Advanced Defense Systems and the Israeli Ministry of Defense unveil new Iron Beam laser director. Company to Showcase Full High-Energy…

2025-06-05 | Redakcja | 5 minutes

Advancing multi-domain EW operations: Rohde & Schwarz unveils latest innovations at AOC Europe

Rohde & Schwarz demonstrates the next generation of SIGINT/EW systems, sensor fusion and signal analysis solutions, designed to meet the evolving…

2025-05-12 | Redakcja | 2 minutes

Iberian Blackout: Is Poland Prepared for a Similar Scenario?

The blackout on the Iberian Peninsula has prompted a few cautious questions about whether Poland is secure in the event of…

2025-05-02 | Krzysztof Zagórski | 6 minutes

Poland: GROTowisko-25 Conference Begins Next Week

On the weekend of June 14–15, 2025, the next edition of GROTowisko will take place. Once again, the military complex…

2025-06-04 | Redakcja | 3 minutes

Russia: MAKS International Aviation and Space Salon Cancelled Again

The CEO of the Russian state corporation Rostec, Sergey Chemezov, announced that the 16th MAKS-2025 International Aviation and Space Salon,…

2025-06-04 | Rafał Muczyński | 2 minutes

Hanwha Systems and BAE Systems Sign MOU to Build Next-Generation Reconnaissance Satellite System

Hanwha Systems, a leading South Korean defense and aerospace technology company, announced today that it has signed a Memorandum of Understanding (MoU)…

2025-06-10 | Redakcja | 2 minutes

Galvion awarded FBI contract for their Hellbender FE helmet

Galvion announces the successful award of a Federal Bureau of Investigation (FBI) contract for their Galvion Hellbender Federal Edition (FE) helmet…

2025-06-09 | Redakcja | 3 minutes

Galvion awarded FBI contract for their Hellbender FE helmet

Galvion announces the successful award of a Federal Bureau of Investigation (FBI) contract for their Galvion Hellbender Federal Edition (FE) helmet…

2025-06-09 | Redakcja | 3 minutes

IDET & PYROS 2025: KALAN Tracked Amphibious Vehicle as the Successor to the PTS

During the International Fire Fighting Equipment and Services Fair PYROS (held alongside IDET 2025 in Brno), the Czech company New…

2025-05-30 | Rafał Muczyński | 3 minutes

Hanwha Systems and BAE Systems Sign MOU to Build Next-Generation Reconnaissance Satellite System

Hanwha Systems, a leading South Korean defense and aerospace technology company, announced today that it has signed a Memorandum of Understanding (MoU)…

2025-06-10 | Redakcja | 2 minutes

SBU on Operation Spider’s Web Details: Was a Tu-160 Strategic Bomber Destroyed?

The Security Service of Ukraine (SBU) has released a video compilation showing all FPV drone strikes carried out with Osa-type drones…

2025-06-07 | Rafał Muczyński | 3 minutes

SBU on Operation Spider’s Web Details: Was a Tu-160 Strategic Bomber Destroyed?

The Security Service of Ukraine (SBU) has released a video compilation showing all FPV drone strikes carried out with Osa-type drones…

2025-06-07 | Rafał Muczyński | 3 minutes

Polish Minister of Defence Travels to the U.S. for Meeting with Pete Hegseth

A press conference was held at the 1st Airlift Base with Deputy Prime Minister and Minister of National Defence Władysław Kosiniak-Kamysz…

2025-05-26 | Redakcja | 5 minutes

Hanwha Systems and BAE Systems Sign MOU to Build Next-Generation Reconnaissance Satellite System

Hanwha Systems, a leading South Korean defense and aerospace technology company, announced today that it has signed a Memorandum of Understanding (MoU)…

2025-06-10 | Redakcja | 2 minutes

Airbus, CNES and VAST reaffirm commitment to strengthening EO capabilities in Vietnam

Airbus Defence and Space, the French Space Agency, and the Vietnam Academy of Science and Technology have signed a Declaration of…

2025-05-26 | Redakcja | 2 minutes
Shooting

Streamlight TLR-7 HL-X – a Bayonet of Light for Your Weapon

The devil’s not so scary once you shine a light on him—and he’s certainly easier to neutralize in the spotlight. A weapon-mounted flashlight…

2025-06-09 | Anna Mielczarek | 6 minutes

Mactronic M-Fire Guardian – A New Flashlight for Professionals

Mactronic is introducing a new angle flashlight, the M-Fire Guardian. According to the manufacturer, it is the first angle flashlight with red…

2025-06-04 | Michał Ihnatów | 6 minutes

Streamlight TLR-7 HL-X – a Bayonet of Light for Your Weapon

The devil’s not so scary once you shine a light on him—and he’s certainly easier to neutralize in the spotlight. A weapon-mounted flashlight…

2025-06-09 | Anna Mielczarek | 6 minutes

Mactronic M-Fire Guardian – A New Flashlight for Professionals

Mactronic is introducing a new angle flashlight, the M-Fire Guardian. According to the manufacturer, it is the first angle flashlight with red…

2025-06-04 | Michał Ihnatów | 6 minutes

Protective Rescuer Vest – BC Arms Archangel

The Archangel Rescuer Vest is the result of a collaboration between Polish companies Currahee and BC Arms. It was created in…

2025-05-16 | Mariusz Rams | 6 minutes

Direct Action Spitfire Plate Carrier – Part 1: Testing the Carrier

Nowadays, the market offers a wide range of options in the gear and load-bearing equipment category. One of the most basic…

2025-05-08 | Michał Gaweł | 14 minutes

Enforce Tac 2025 starts on February 24th

Enforce Tac is an international trade fair aimed at law enforcement officers, experts from government agencies, and representatives of the…

2025-01-30 | Michał Ihnatów | 4 minutes

POLSECURE: Holsters HPE Poland offer for uniformed services

At the 3rd International Police and Public Security Fair POLSECURE 2024 in Kielce, Holsters HPE Poland presented its offer for…

2024-05-01 | Redakcja | 2 minutes

MSBS GROT BULLPUP conversion now available

Fabryka Broni “Łucznik” Radom is introducing long-awaited conversion kits for the MSBS GROT S16 FB-M1 and S10 FB-M1 semi-automatic rifles,…

2025-06-02 | Michał Ihnatów | 3 minutes

IDET 2025: Grand Power Showcases M4M1 Carbines for the Slovak Armed Forces

At the International Defence and Security Technologies Fair IDET 2023 in the Czech Republic, Grand Power — a Slovak firearms manufacturer — showcased…

2025-05-28 | Michał Ihnatów | 4 minutes

Setting Up a Shooting Belt: An Example with Clawgear

To assist with shooting training and beyond, various belts and gear configurations have been developed and customized to suit individual needs. It’s…

2024-11-28 | Łukasz Kołodziejski | 14 minutes

Weapon light: a practical tool for everyday service. How to choose?

In the world of armed forces, where every second can determine the outcome of an operation, precision and effectiveness are…

2024-08-29 | Redakcja | 7 minutes

Over 100% increase in gun permits in Poland in 2024

The Polish Police have released statistical data on firearm permits issued in 2024. An increasing number of Poles now hold…

2025-02-20 | Michał Ihnatów | 5 minutes

Firearms In Poland 2023: Number of permits continues to grow

The National Police Headquarters has released statistics regarding the number of firearm permits and firearms themselves in the hands of…

2024-02-17 | Michał Ihnatów | 5 minutes

5 Best Value ATN Rifle Scopes Under €1500

ATN is a leading manufacturer of daytime optics, smart night vision, and thermal vision technology. The innovative features and ergonomic designs…

2022-11-11 | Redakcja | 8 minutes

MILMAG Visits Grand Power

Grand Power is a Slovak manufacturer of the acknowledged good quality firearms. Take part in our guided tour with English subtitles.

2022-05-23 | Redakcja | 1 minutes

Streamlight TLR-7 HL-X – a Bayonet of Light for Your Weapon

The devil’s not so scary once you shine a light on him—and he’s certainly easier to neutralize in the spotlight. A weapon-mounted flashlight…

2025-06-09 | Anna Mielczarek | 6 minutes

Protective Rescuer Vest – BC Arms Archangel

The Archangel Rescuer Vest is the result of a collaboration between Polish companies Currahee and BC Arms. It was created in…

2025-05-16 | Mariusz Rams | 6 minutes

EOTECH Holographic Sight – History, Technology, Practice

The holographic sight is a device known for nearly 30 years and used by professionals around the world. A favorite sight of many…

2024-09-02 | Michał Gaweł | 12 minutes

Another Year of Profits for PGZ Stocznia Wojenna

PGZ Stocznia Wojenna closed the year 2023 with a net profit of over PLN 36.4 million. This marks the second consecutive positive financial result since its acquisition by the Polish Armaments Group (PGZ) from the trustee of the bankrupt Naval Shipyard.

On Monday, June 10, 2024, PGZ Stocznia Wojenna, a subsidiary of the Polish Armaments Group (PGZ), announced that it closed the year 2023 with a net profit of over PLN 36.4 million. This marks the second consecutive positive financial result for the company since its acquisition by PGZ from the trustee of the bankrupt Naval Shipyard. The consistently implemented organizational changes and modernization of the Shipyard over the past few years are yielding tangible financial results.

Photos and images: PGZ Stocznia Wojenna

PGZ SW significantly improved its results compared to the previous year. The shipyard achieved an operating profit of PLN 31 million (compared to 14.6 million in 2022) through a substantial increase in production efficiency. This is the result of implemented changes in technology and work organization. Over the past three years, the company has invested significant funds in the automation and robotization of production. Numerous organizational improvements have also been introduced, adopting modern enterprise resource management methods. As a result of these actions, the company achieved a high EBITDA margin of 18% (6 percentage points higher than the previous year).

If I had to name just one factor that contributed most to the profit in 2023, it would be consistency: consistency in the implementation of the Company’s adopted development strategy, which we have been implementing with determination for the third year, said Paweł Lulewicz, President of the Management Board of PGZ SW. Although this was the first year of physical implementation of huge investments in infrastructure and machinery and equipment, it was preceded by two years of meticulous preparations and changes in the organization of work and raising the competence of employees and the whole shipyard. And it is the results of these activities that have translated into profit, both on sales and net, added President Lulewicz.

PGZ Stocznia Wojenna is the main contractor for the Miecznik program—the construction of three multi-purpose frigates for the Polish Navy. These ships will significantly enhance the capabilities of the Polish Navy and enable the execution of a wide range of maritime tasks, including securing shipping lanes and critical infrastructure. The vessels will increase the combat potential of the Polish Armed Forces and serve as a substantial contribution by the Republic of Poland within the North Atlantic Alliance, for example, by performing tasks as part of NATO’s Standing Naval Forces.

The implementation of the project in Poland will generate approximately 2,000 jobs in shipyards, defense companies, and other industrial sectors directly involved in the project. The acquired competencies will enable the development of new capabilities and assist in work on other projects for the Polish Navy.

2020 2021 2022 2023
Income 166 673 206,16 121 265 242,95 177 152 429,45 215 392 691,31
Sales profit -14 389 309,04 -33 159 772,71 8 820 417,26 27 445 039,36
Operating profit -26 363 255,81 -257 289,02 14 632 376,74 31 260 079,24
Gross profit -29 207 848,74 -1 298 763,39 2 536 821,81 39 612 466,58
Net profit -13 562 913,00 -20 396 591,39 21 149 096,15 36 372 061,18
EBIDTA -17 221 989,22 8 859 507,08 22 073 060,35 38 812 888,52
EBIDTA margin -10% 7% 12% 18%

 

Press release

X