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09/04Belgium orders 5 Cessna SkyCourier twin turboprops to serve with the country’s special forces
25/04Some 30 early Boeing 777X need modification and upgrade before delivery
24/04Chinese Long March 2D launches PRSC-EO3 satellite for Pakistan, lofts internet test and environment monitoring
23/04Falcon 9 rocket launches final GPS3 satellite into orbit for US Space Force
20/04Airbus develops new A400M Mothership variant to launch 12 Taurus missiles or 50 drones for long-range strikes
19/04US Navy seizes Iranian container ship Touska using 127 mm naval gunfire in Gulf interdiction operation
19/04North Korea tests 5 Hwasong-11 ballistic missiles with cluster warhead capability
18/04Australia selected the upgraded Mogami-class frigate for 11-unit order, after a competitive tender against Germany’s Meko A-200
18/04American Airlines rejects idea of merger with United
17/04Three US aircraft carrier groups and 10 destroyers blockade Strait of Hormuz
15/04US Army names new MV-75 tiltrotor ‘Cheyenne II’
13/04UK MoD orders Skyhammer counter-drone missiles against Iranian Shahed threat
13/04France edges closer to Eurodrone exit with its defence programming revision
11/04Full success of the Artemis II NASA's first crewed lunar flyby in 50 years
11/04Falcon 9 launches NG-24 Cygnus cargo spacecraft to the ISS for resupply mission
09/04Belgium orders 5 Cessna SkyCourier twin turboprops to serve with the country’s special forces
25/04Some 30 early Boeing 777X need modification and upgrade before delivery
24/04Chinese Long March 2D launches PRSC-EO3 satellite for Pakistan, lofts internet test and environment monitoring
23/04Falcon 9 rocket launches final GPS3 satellite into orbit for US Space Force
20/04Airbus develops new A400M Mothership variant to launch 12 Taurus missiles or 50 drones for long-range strikes
19/04US Navy seizes Iranian container ship Touska using 127 mm naval gunfire in Gulf interdiction operation
19/04North Korea tests 5 Hwasong-11 ballistic missiles with cluster warhead capability
18/04Australia selected the upgraded Mogami-class frigate for 11-unit order, after a competitive tender against Germany’s Meko A-200
18/04American Airlines rejects idea of merger with United
17/04Three US aircraft carrier groups and 10 destroyers blockade Strait of Hormuz
15/04US Army names new MV-75 tiltrotor ‘Cheyenne II’
13/04UK MoD orders Skyhammer counter-drone missiles against Iranian Shahed threat
13/04France edges closer to Eurodrone exit with its defence programming revision
11/04Full success of the Artemis II NASA's first crewed lunar flyby in 50 years
11/04Falcon 9 launches NG-24 Cygnus cargo spacecraft to the ISS for resupply mission
09/04Belgium orders 5 Cessna SkyCourier twin turboprops to serve with the country’s special forces
25/04Some 30 early Boeing 777X need modification and upgrade before delivery
24/04Chinese Long March 2D launches PRSC-EO3 satellite for Pakistan, lofts internet test and environment monitoring
23/04Falcon 9 rocket launches final GPS3 satellite into orbit for US Space Force
20/04Airbus develops new A400M Mothership variant to launch 12 Taurus missiles or 50 drones for long-range strikes
19/04US Navy seizes Iranian container ship Touska using 127 mm naval gunfire in Gulf interdiction operation
19/04North Korea tests 5 Hwasong-11 ballistic missiles with cluster warhead capability
18/04Australia selected the upgraded Mogami-class frigate for 11-unit order, after a competitive tender against Germany’s Meko A-200
18/04American Airlines rejects idea of merger with United
17/04Three US aircraft carrier groups and 10 destroyers blockade Strait of Hormuz
15/04US Army names new MV-75 tiltrotor ‘Cheyenne II’
13/04UK MoD orders Skyhammer counter-drone missiles against Iranian Shahed threat
13/04France edges closer to Eurodrone exit with its defence programming revision
11/04Full success of the Artemis II NASA's first crewed lunar flyby in 50 years
11/04Falcon 9 launches NG-24 Cygnus cargo spacecraft to the ISS for resupply mission
09/04Belgium orders 5 Cessna SkyCourier twin turboprops to serve with the country’s special forces
25/04Some 30 early Boeing 777X need modification and upgrade before delivery
24/04Chinese Long March 2D launches PRSC-EO3 satellite for Pakistan, lofts internet test and environment monitoring
23/04Falcon 9 rocket launches final GPS3 satellite into orbit for US Space Force
20/04Airbus develops new A400M Mothership variant to launch 12 Taurus missiles or 50 drones for long-range strikes
19/04US Navy seizes Iranian container ship Touska using 127 mm naval gunfire in Gulf interdiction operation
19/04North Korea tests 5 Hwasong-11 ballistic missiles with cluster warhead capability
18/04Australia selected the upgraded Mogami-class frigate for 11-unit order, after a competitive tender against Germany’s Meko A-200
18/04American Airlines rejects idea of merger with United
17/04Three US aircraft carrier groups and 10 destroyers blockade Strait of Hormuz
15/04US Army names new MV-75 tiltrotor ‘Cheyenne II’
13/04UK MoD orders Skyhammer counter-drone missiles against Iranian Shahed threat
13/04France edges closer to Eurodrone exit with its defence programming revision
11/04Full success of the Artemis II NASA's first crewed lunar flyby in 50 years
11/04Falcon 9 launches NG-24 Cygnus cargo spacecraft to the ISS for resupply mission
09/04Belgium orders 5 Cessna SkyCourier twin turboprops to serve with the country’s special forces

Your are here : Home News / Nexter and KMW sign an alliance

DEFENCE

Nexter and KMW sign an alliance

French company Nexter and Germany's Krauss-Maffei Wegmann (KMW) have entered into exclusive talks to create a joint venture that would rank as Europe's largest maker of ground armaments, called KANT (KMW and Nexter together). An agreement has been signed by the heads of the companies on 1 July in Paris. This alliance of the two groups under a joint holding company creates a group with an annual turnover nearing 2 billion euros, an order book of around 6.5 billion euro, and more than 6,000 employees, i.e. the biggest European group in land defence. Nexter, maker of the VBCI armoured fighting vehicle and the Leclerc tank, is owned by the French government, while KMW, known for its Leopard tank, is family-owned. The new structure, would be 50 percent held by the French state and 50 percent by the Bode-Wegmann family, with a Franco-German co-presidency for its board. This agreement opens an estimated nine-month discussion phase that would end in the creation of the joint-venture likely in the second quarter of 2015.