Berlin will take 40% of the Leopard 2 maker KNDS, matching France and clearing a €15-18 billion IPO. The deal shows Europe paying for rearmament two ways at once: the state buying back legacy primes, and venture capital flooding the startups.
KNDS's wheeled 155mm howitzer — a fully automated PzH 2000-class gun on a Boxer 8×8, and the only turreted howitzer in the world that can fire accurately on the move. Ukraine is the launch customer; shoot-and-scoot survivability for the drone-saturated battlefield.
Germany's premier tracked IFV — a 30 mm airburst cannon, modular armor, and the most powerful engine in its class, equipping the Bundeswehr's Panzergrenadier units and the NATO Very High Readiness Joint Task Force.
Germany's high-tempo tracked 155 mm self-propelled howitzer, prized for its burst rate of fire and long reach, serving across NATO and Ukraine.
Germany's Leopard 2 — the most widely fielded Western main battle tank, a 120 mm four-crew design exported to more than 20 armies and donated to Ukraine, where its 2A4 and 2A6 variants have fought since 2023.