Bosnian defence manufacturer BNT-TMiH has secured contracts worth approximately BAM 160 million, creating the basis for expanding production at its facility in Novi Travnik. It’s an agreement with a partner in the Kingdom of Saudi Arabia, as stated in the press release.
Company director Besim Belegić said the contracts include two new agreements and an increase in the value of an earlier contract. The largest agreement, initially worth €33 million, has been increased to €41 million.
The company also signed a €33 million contract during the First Balkan Shield exhibition in Sarajevo in September. A third agreement, worth approximately BAM 15 million, was signed in October.
To meet its growing contractual obligations, BNT-TMiH plans to introduce a new production line and recruit additional employees. The company has not yet disclosed the expected number of new positions.
BNT-TMiH is also pursuing strategic partnerships with companies from Saudi Arabia and Egypt, including potential cooperation in artillery systems, technology exchange and joint product development.
The company is additionally preparing the development of a self-propelled howitzer, as part of its plans to expand its defence manufacturing capabilities and strengthen its international market position.
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