Brind.
  1. Countries are pursuing a joint state takeover of KNDS, with France reducing its holding to 40% and Germany expected to purchase the remaining stake.

Efforts are underway to expand in the European market, with NMBT designed to replace Ariete, and CAPINT representing a fusion of German and French halves.

1 report, 1 independent Updated Jun 24
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

Efforts are underway to expand in the European market, with NMBT designed to replace Ariete, and CAPINT representing a fusion of German and French halves.

Who's involved

What this event is mainly about
Hyundai RotemKNDSLeonardo Rheinmetall Military Vehicles

How it developed

Newest first. Tap a step to see who reported it.
  1. The Defense Acquisition Program Administration is currently evaluating bids from Hanwha Aerospace and Hyundai Rotem for specific defense projects.Sub-event
  2. The Italian Army unveiled a new NMBT tank, while RUSI observed shifts in tank usage and doctrine in Ukraine.Sub-event
  3. Product development focuses on NMBT replacing Ariete, driven by European market expansion.1 source

Keep exploring

Part of

Countries are pursuing a joint state takeover of KNDS, with France reducing its holding to 40% and Germany expected to purchase the remaining stake. All 2 developments

The entities involved

  • Hyundai Rotem

    South Korean machinery manufacturer

    Nothing else this week.

  • KNDS

    European defence company

    Nothing else this week.

  • Leonardo Rheinmetall Military Vehicles

    Italian enterprise of military industry. Italian military industry company. Joint Venture (equal) between Leonardo and Rheinmetall

    Nothing else this week.

Coverage

Newest first; wire copies grouped