CSG Invests in Canadian CM-70 Low-Cost Interceptor Missiles

The CM-70 low-cost interceptor missiles developed by the Canadian company North Vector Dynamics have received Czech investment.

The investment will be channeled through the Tech Horizons fund, established by the Czechoslovak Group and the venture capital firm Presto Ventures.

North Vector Dynamics develops autonomous air defense systems, guided missiles, and hypersonic technologies.

The company’s flagship product is the CM-70 SPEAR air defense missile.

“Effective and affordable multi-layered air defense against Shahed-class threats and hypersonic weapons remains an unresolved challenge, and we are proud to join NVD in addressing it,” said representatives of the fund.

The CM-70 missile is compact and high-speed, specifically designed for the modern battlefield.

The missile weighs only 2.5 kg. After launch, it can reach speeds exceeding 1,000 km/h and is guided to the target through a combination of laser guidance and artificial intelligence.

CM-70 specifications:

• length — 0.72 m;
• range — 3.5 km;
• speed — over 1,000 km/h;
• guidance system — semi-active laser homing and artificial intelligence;
• warhead — blast fragmentation.

This allows for high-precision engagement of fast and maneuverable drones at a significantly lower cost compared to missiles from expensive air defense systems.

“Cheap drones shouldn’t require missiles costing millions of dollars to destroy them,” Tech Horizons noted.

The system can be deployed from mobile launchers, vehicles, ground- and sea-based unmanned platforms, as well as from the air.

This year, the Czechoslovak Group also acquired a 49% stake in the Austrian mortar manufacturer Hirtenberger.