Nexter Systems and Krauss-Maffei Wegmann (KMW) have completed their association, with the companies having received all required approvals.
Going forward, the two companies will operate jointly under the umbrella of a holding company under Dutch law. The headquarters of the company will be based in Amsterdam, Netherlands. The company will operate in the legal form of an N.V.
The sole shareholders of both the companies have transferred their shares to the holding company and have received 50% of shares in it in return.
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
Connect with us on socials
