The war in Ukraine has significantly influenced various sectors of the economy. While some businesses have had to scale down or restructure, the arms and defence industries have encountered new opportunities.
This market is not measured in millions but in billions of euros—especially following the pledge by NATO member states to increase defence spending to five percent of GDP by 2035. Slovak defence companies, which already reported record figures last year, stand to benefit. According to the Statistics Office, Slovakia exported weapons and ammunition worth €1.15 billion, compared to only €107 million in 2021.
This overview outlines how individual companies have performed. Several have seen substantial growth, with profits in some cases reaching into the millions. It also reveals who ultimately owns these companies and what lies ahead in terms of business expansion.
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Aliter Technologies
Specialising in: Information and communication technology development
Revenue in 2024: €54.6 million (-16 percent)
Economic result: €10.5 million (-9 percent)
End-users of benefits: Peter Dostál and Milan Kristín
Despite a drop in both revenue and profit last year, Aliter Technologies still posted its second-best results in the past 15 years. In early 2025, the company announced its expansion into North America by acquiring a majority stake in the Canadian firm 3C Information Solutions Incorporated (3CIS), including its American subsidiary. “We’ve won international NATO tenders, and we’ve acquired Tidal Migrations, a company specialising in cloud transitions. Our acquisition of 3CIS further underscores our global ambitions,” co-owner Peter Dostál told the TASR news agency.
CSM Industry
Specialising in: Mechanical engineering production
Revenue in 2024: €6.9 million (-3 percent)
Economic results: €6,640
End-user of benefits: Tomáš Maroš
This mechanical engineering company, based in Tisovec and known for producing universal finishing machines, experienced a slight dip in turnover last year. However, it recovered from a €137,000 loss in 2023. Its future workload looks promising: in partnership with Finnish arms company Patria, it has commenced production of 64 Patria 8×8 armoured combat vehicles for the Slovak Armed Forces.
Patria vehicles, illustrative stock photo (source: AP/TASR)
DefTech
Specialising in: Armoured vehicle production
Revenue in 2024: €4.6 million (+75 percent)
Economic results: €15,165 (+797 percent)
End-user of benefits: Maroš Hudoba
Armoured vehicle manufacturer DefTech reported a record €4.6 million in revenue last year. Founded in 2014 to develop and produce unmanned aerial vehicles, the company has since expanded its portfolio to include the Wolf and Hron armoured vehicles. In 2025, it unveiled a new anti-aircraft unmanned system (C-UAS), tested in Ukraine.
DMD Group
Specialising in: Research, development and production of weapons systems
Revenue in 2024: €584,000 (-43 percent)
Economic results: €5.1 million
End-user of benefits: A state-owned company
Acting as a holding entity for several state-owned companies—Konštrukta-Defence, ZTS-Špeciál, ZVS Holding, DMD Capital, and DMD Expo—DMD Group oversees their marketing and business strategies. Last year, its revenue fell by 43 percent to nearly €584,000, though it still posted a profit exceeding €5 million.