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KNDS
European defense stocks sink after NATO summit disappoints investors
European defense stocks fell sharply on Wednesday, with Rheinmetall dropping nearly 5% and the broader sector retreating as investors digested results from the NATO summit in Ankara without finding the catalysts they had hoped for. The selloff came weeks after…
KNDS postpones landmark IPO after failing to meet valuation target
Franco-German defense group KNDS, the maker of Leopard 2 tanks and Caesar howitzers, has postponed its planned initial public offering after struggling to secure investor backing at its desired valuation, capping weeks of mounting uncertainty over what was set to…