Is this the beginning of European land consolidation?
French military vehicles manufacturer Nexter and the German armaments producer KMW have signed an agreement to create a joint holding company.
The two industrial giants signed the agreement on 1 July and the result will be the creation of a Franco-German technology group with an annual turnover of more than €2 billion.
The alliance project is expected to start in 2015 following regulatory approval.
In a statement, the companies said that they viewed this step as ‘decisive for the consolidation of the defence technology industry in Europe’ and that the alliance ‘creates a group with the momentum and innovative force
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Hanwha contracted to develop radar for South Korean missile defence]()
Hanwha contracted to develop radar for South Korean missile defence
Hanwha will develop the multi-function radar of the Low Altitude Missile Defense (LAMD), work which is scheduled to be completed before the end of 2028.
-
![Anduril Industries unveils improved electromagnetic warfare system]()
Anduril Industries unveils improved electromagnetic warfare system
Pulsar-L has already entered service and weighs about 12kg with range of 5km. It was only in May last year that the company disclosed that earlier versions were already in service.
-
![Polaris to unveil new MRZR Alpha base vehicle at Modern Day Marine]()
Polaris to unveil new MRZR Alpha base vehicle at Modern Day Marine
The new platform was designed to provide 1KW of exportable power as standard and has been developed in partnership with the US Marine Corps (USMC).
-
![British Army details Ajax plans]()
British Army details Ajax plans
Of the six variants in the Ajax programme – reconnaissance (Ajax), reconnaissance support (Ares), C2 (Athena), equipment repair (Apollo), equipment recovery (Atlas) and engineering reconnaissance (Argus) – the Ajax reconnaissance version is now entering service.
