Business news from Ukraine

Business news from Ukraine

Franco-German defense concern KNDS opened subsidiary in Kiev

1 October , 2024  

Franco-German defense concern KNDS has opened a subsidiary in Kiev, which under the name KNDS Ukraine LLC will support cooperation between Ukrainian government agencies, the Ukrainian defense industry and KNDS, the concern’s press service reports.

“The purpose of opening KNDS Ukraine LLC is, among other things, to consolidate the Ukrainian land industry and enable it to more effectively carry out maintenance, repair and overhaul of KNDS systems – including Leopard 1 and 2 tanks, CAESAR and AMX 10RC artillery systems and PzH 2000 self-propelled howitzers – which significantly increases their combat readiness. KNDS and Ukrainian industry also intend to jointly produce in Ukraine 155-mm artillery ammunition and spare parts using advanced technologies,” the report says.

It is noted that the creation of KNDS Ukraine LLC is the result of a joint French-German government initiative, the framework of which was presented on March 22, 2024 by French Defense Minister Sebastien Lecornu and the head of the German Defense Ministry Boris Pistorius in Berlin.

 

, ,