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.
Franco-German manufacturer KNDS has secured 350 orders from five countries for the newest Leopard 2A8 main battle tank, with Germany alone committing to 123 units and planning to expand its purchase. The upgraded A8 variant features enhanced protection systems and represents several billion euros in confirmed contracts, with production expected to run for years.
The order is for a turnkey factory that will become a ‘Ukrainian Centre of Excellence for Ammunition’ to be operated by a Rheinmetall joint venture with a Ukrainian state-owned company, that will begin production within 24 months to manufacture hundreds of thousands of rounds of artillery ammunition per year.
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.
The Main Ground Combat System project is conceived around not just a new main battle tank design, but also a series of systems and vehicles built off that platform that will connect battle tanks in a data network with support weapons such as drones and other unmanned systems.
