KNDS Board of Directors and Executive Management statement regarding investigation into legacy transaction
(PresseBox) - As part of its ongoing commitment to the highest standards of governance, compliance and transparency, the Board of Directors of KNDS has commissioned an independent investigation into a legacy transaction with the Qatar Armed Forces, dating back to 2013.
In light of the recent resurfacing of previously reported allegations, KNDS launched the investigation which is being conducted by external legal counsel and advisory firms and also comprises an assessment of the conclusions of previously conducted reviews.
Based on the current findings of the ongoing investigation, which is well advanced but remains subject to completion, there is no evidence which would warrant the conclusion that any KNDS employees (past or present) involved in the transaction engaged in criminal misconduct.
The contracts subject to this investigation, originally signed by Krauss-Maffei Wegmann, one of the KNDS national predecessor companies, covered the procurement of 24 PzH 2000 artillery systems, 62 Leopard 2 tanks, further defense equipment, related services as well as training and simulation equipment.
The company will provide further updates as appropriate.
KNDS currently anticipates the finalization of its 2025 financial statements and their audit during the course of May 2026.
KNDS is the leading pan-European land defence company, uniting over 11,000 employees and generating €3.8 billion in revenue in 2024. With a strong order backlog of €23.5 billion, the group delivers innovative complete mission solutions built on state-of-the art technologies. Leveraging deep industrial expertise and strong partnerships, KNDS develops open, interoperable solutions combining manned and unmanned systems, designed to meet tomorrow’s operational challenges. As a prime contractor, it provides full system-of-systems capabilities, from platforms to ammunition and services, managing the entire value chain and encompassing complete product life cycles.
Born from the alliance of Nexter and Krauss-Maffei Wegmann, uniting key nations within a single group, KNDS embodies the path toward a collective and efficient future for the sovereignty and security of Europe’s defence by supporting the standardization and interoperability between European and NATO forces.
Trusted by more than 40 armies worldwide, KNDS benefits from decades of combat-proven experience. KNDS embodies a united, efficient model to enhance stability and long-term security in Europe and beyond.
Unternehmensinformation / Kurzprofil:
KNDS is the leading pan-European land defence company, uniting over 11,000 employees and generating €3.8 billion in revenue in 2024. With a strong order backlog of €23.5 billion, the group delivers innovative complete mission solutions built on state-of-the art technologies. Leveraging deep industrial expertise and strong partnerships, KNDS develops open, interoperable solutions combining manned and unmanned systems, designed to meet tomorrow’s operational challenges. As a prime contractor, it provides full system-of-systems capabilities, from platforms to ammunition and services, managing the entire value chain and encompassing complete product life cycles.
Born from the alliance of Nexter and Krauss-Maffei Wegmann, uniting key nations within a single group, KNDS embodies the path toward a collective and efficient future for the sovereignty and security of Europe’s defence by supporting the standardization and interoperability between European and NATO forces.
Trusted by more than 40 armies worldwide, KNDS benefits from decades of combat-proven experience. KNDS embodies a united, efficient model to enhance stability and long-term security in Europe and beyond.
Datum: 29.04.2026 - 15:13 Uhr
Sprache: Deutsch
News-ID 735898
Anzahl Zeichen: 2598
contact information:
Contact person: Véronique Creissels
Town:
Amsterdam
Phone: +31 6 2470 3239
Kategorie:
Pharmaceuticals & Biotech
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