Category: Defence Industry
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In a strategic move to boost its presence in the German defence sector, Amsterdam-based Theon has acquired Kappa Optronics, a German company known for its high-performance optical and electronic systems used in land and air defence applications. The deal is valued at €75 million and is being financed through a blend of debt and equity…
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Germany’s Bundeswehr has contracted Rheinmetall for approximately 1,400 military logistics vehicles, with a total value of €770 million. The Düsseldorf-based defense company revealed on Monday that the agreement covers 963 vehicles equipped with adaptable swap-body systems and 425 non-armored unprotected transport vehicles (UTVs) designed for safer zones; Rheinmetall’s stock rose by about 3% today. André…