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.
German politicians voiced their outrage on Friday after a CNN report detailed an alleged Russian plot to assassinate the head of German arms maker Rheinmetall, Armin Papperger, as a Kremlin spokesman denied any involvement from Moscow.
Ralf Ketzel, managing director of KNDS, manufacturer of Leopard 2 battle tanks, said,”The ability to deliver quickly is now exhausted,” adding, “Two years ago, a strategic decision should have been made that this will be a war lasting several years. Then we could deliver new material today,” in reference to Russia’s full-scale invasion of Ukraine launched in February 2022.
Economy Minister Aušrinė Armonaitė said Rheinmetall would invest more than €180 million ($195 million) in the new plant, which is expected to produce 155-millimetre artillery shells. Rheinmetall is already active in Lithuania, operating a maintenance centre with defence company Krauss-Maffei Wegmann in the country since 2022. The facility maintains combat vehicles used by NATO combat units stationed in the region, as well as Leopard 2 battle tanks given by Germany to Ukraine.
