European defence company KNDS has confirmed plans to go public in 2026, with a stock market listing in both Paris and Frankfurt. The German-French group, manufactures the Leopard 2 main battle tank and the CAESAR artillery system.
Germany’s parliament will consider spending around €50 billion on defence this week, covering major arms procurement for the Bundeswehr, including Arrow 3 and Patriot air defence systems and Puma infantry fighting vehicles.
Global defence revenues surged to a record $679 billion in 2024, driven by the wars in Ukraine and Gaza and rising geopolitical tensions, according to new SIPRI data. The world’s 100 biggest arms makers saw sales grow 5.9 percent, with strong increases in Europe and steady dominance by U.S. firms. SpaceX entered the Top 100 for the first time, while China posted a rare decline due to procurement disruptions.
The European Commission and the High Representative have introduced a military mobility package aimed at enabling fast, coordinated movement of troops across Europe by 2027, alongside a Defence Industry Transformation Roadmap to strengthen innovation and production capacity. The proposals include harmonised cross-border procedures, new emergency transport mechanisms, infrastructure upgrades and measures to accelerate defence technology development across the EU.
Saab, Boeing and BAE Systems have signed a Letter of Intent to collaborate on the UK’s next fast-jet training programme, proposing a system built around the T-7 trainer aircraft. The companies plan a UK-based assembly line, integrated live-synthetic training capabilities and expanded supply-chain opportunities, while also positioning the collaboration for future international pilot-training requirements.
Saab has signed a €3.1 billion contract with Colombia for 17 Gripen E/F fighter aircraft including two twin-seat Gripen F fighters to be delivered between 2026 and 2032, following orders from Thailand recently, a Ukrainian letter of intent for hundreds of aircraft and strong prospects coming up in Canada.
Lockheed Martin held its 11th India Suppliers Conference in Bengaluru, bringing together more than 30 companies and recognizing two Indian firms for their contributions to its global programs, while exploring new defence manufacturing partnerships.
Belgium has inaugurated a new large-calibre artillery shell production unit at KNDS Belgium’s facility in Petit-Roeulx-lez-Nivelles on Tuesday, expanding national and European munitions manufacturing capacity amid rising demand for defence production.
L&T and BEL have added Dynamatic Technologies as an exclusive partner in India’s AMCA fifth-generation fighter program, combining strengths in aerostructures, engineering, and electronics to boost domestic aerospace manufacturing. The AMCA program, being developed by the Aeronautical Development Agency (ADA) under the Defence Research and Development Organisation (DRDO), is intended to equip the Indian Air Force with an indigenous, stealth-capable multirole combat aircraft.
Russia’s United Aircraft Corporation has handed over a new batch of Su-34 fighter-bombers to the Russian Ministry of Defense with production continuing at the Novosibirsk Aircraft Plant. Rostec stated that the Su-34 continues to serve as a key platform for frontline aviation, with the capacity to carry a variety of weapons ranging from unguided bombs to precision-guided missiles.
India and the United States have signed a new ten-year framework to guide their major defence partnership, covering cooperation in technology, industry and military coordination, during a meeting at the ADMM-Plus in Kuala Lumpur, with Indian Defence Minister Rajnath Singh saying the framework “will provide policy direction to the entire spectrum of the India-U.S. defence relationship.”
Rheinmetall has signed a €1 billion deal with Bulgaria to establish a joint gunpowder and ammunition factory near Sopot, aiming to produce 100,000 NATO-standard artillery shells annually. The German company holds 51% of the shares in the new project.
Germany has ordered 20 new Eurofighter aircraft from Airbus to strengthen its Air Force capabilities. The fighters will feature upgraded radar and electronic warfare systems and will be delivered between 2031 and 2034 as part of Europe’s joint defence programme. The new aircraft will serve as a technological bridge to the Future Combat Air System, which is expected to enter service from 2040.
Leonardo and KNDS have entered into an agreement to offer the CAESAR Self-Propelled Howitzer to the U.S. Army. Leonardo DRS will act as prime contractor and KNDS as system designer and manufacturer, with the system proposed for integration on U.S. tactical vehicles.
Germany plans to order over 600 Skyranger air defence systems from Rheinmetall in a deal worth more than €9 billion to strengthen its drone defence. The mobile system, now in testing, can be mounted on Boxer and Leopard 1 vehicles and is designed to counter modern aerial threats, including drone swarms.
