Tag: arms manufacturer

EU Clears 40% German Stake in KNDS Arms Group

European Union flags fly in front of the Berlaymont building in Brussels | File Photo: Alicia Windzio/dpa

The European Commission has approved Germany’s plan to acquire a 40 percent stake in KNDS, the maker of Leopard 2 tanks and PzH 2000 howitzers. The company also plans to expand production in Germany and add thousands of jobs.