What Happened
Franco-German Tank Maker Prepares For Public Offering Amid Defense Boom
French-German tank builder KNDS is planning to list its shares on the Paris and Frankfurt stock markets, with Germany set to buy a 40% stake in the company. Existing shareholders will sell about 20% of KNDS to institutional investors, while France will retain its remaining stake. The company targets revenue growth of around 30% in 2026, following a record order backlog of €33.1 billion at the end of December. This development was first reported by Defense News.