Frankfurt, Germany, May 26, 2026 (AFP) - As IPO nears, arms maker KNDS reports booming profits

NAMPA / AFP

2026-05-26

Franco-German tank and weapons maker KNDS reported booming earnings Tuesday as it gears up to launch the latest initial public offering in the fast-growing defence sector. The news came after the German government announced last week it planned to seek a substantial stake when the group launches its IPO as it tries to gain more influence over the arms manufacturer. KNDS said its revenues grew nearly 16 percent last year, reaching 4.4 billion eur......

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