The company is one of Europe's largest producers of military equipment, including armoured vehicles and ammunition used in Ukraine. The company is viewed as a key to the continent's rearmament push that has benefited defense companies like Rheinmetall, Saab, and BAE Systems. Workers assemble Leopard 2A7 main battle tanks at the KNDS heavy weapons factory on August 01, 2025 in Kassel, Germany. The listing is expected to see the sale of up to 20% of the company's existing share capital by its current sharehol ...