Krauss-Maffei Wegmann

Rebirth of the Panzer

KMW leo tank PR
Hopefully you'll never see a "Leo" tank pull up behind you.
  • Why it matters

    Why it matters

    Military conflict in the Ukraine and rising tensions across the world are helping boost profits at German defense companies.

  • Facts


    • KMW and its main product, the Leopard 2 tank, were seen as outdated but there is now new demand,
    • The company is in merger talks with French tank manufacturer Nexter.
    • KMW is the only Western manufacturer of battle tanks today.
  • Audio


  • Pdf

They are tucked away somewhere in Germany – mothballed, but well maintained and oiled and now their moment has come again. Leopard 2 battle tanks: the lumbering, seemingly outdated machines made by German defense group Krauss-Maffei Wegmann, are now in demand again.

The German military, the Bundeswehr, has asked Krauss-Maffei Wegman, or KMW, to pull 100 monthballed Leopard 2 battle tanks, sometimes known as Panzers,  back into service.

“It’s up to lawmakers to decide whether to do the upgrade,” Frank Haun, the CEO of tank manufacturer,  told Handelsblatt.

Less than two years ago, KMW and its main product, the Leopard 2, were seen as dinosaurs. The Bundeswehr had downgraded much of its tank fleet and Greece and Spain were the company’s last two customers in Europe.

We hope you enjoyed this free article.

Subscribe today and get full access to market-moving news in Europe's leading economy.