Tag: military industry

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.

Germany to Buy 40% Stake in Tank Maker KNDS

Defence Minister Boris Pistorius at the rollout event for the new Leopard 2A8 battle tank and the Panzerhaubitze 2000 A4 tank howitzer on November 19, 2025 at KNDS in Munich | Photo: Bundeswehr/Jana Neumann

Germany plans to buy an initial 40% stake in defence company KNDS, the maker of Leopard 2 tanks and Panzerhaubitze 2000 systems, as Berlin seeks greater involvement in the defence industry and aims to retain key expertise.