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KNDS records another successful business year

14.06.2021

The defence technology group KNDS, in which Krauss-Maffei Wegmann (Germany) and Nexter (France) merged to form the leading European company for military land systems, ammunition and related services, has presented its key figures for fiscal year 2020. In 2020, the group achieved remarkable results in an unprecedented context due to the Covid crisis, thus demonstrating its robust business model, its resilience and its strong economic and financial position.

With 3,3 billion euro of order intake, the consolidated order backlog grew to a record 10.6 billion euro. Major orders were the midlife upgrade for the 322 FENNEK vehicles of the Netherlands Army, 24 LEGUAN bridge layers for the German Bundeswehr, 42 JAGUAR, 271 GRIFFON, and 364 SERVAL vehicles related to the SCORPION program, as well as support and services activities for the French army, and CAESAR guns for a new export customer.

The group generated 2,4 billion euro of revenue, while its workforce grew to 8,270 employees.

“In 2020, we met or exceeded all our commercial targets,” said Frank Haun, CEO of KNDS, in assessing the company’s performance. “In addition, Nexter and KMW are integrating faster and more strongly to become the joint pacesetter for key innovations in the field of military land systems. Against this backdrop, however, we see new challenges. For example, the budgets of our most important customers are being significantly impacted by the consequences of the corona pandemic, partly at the expense of the defence budgets. And within defence budgets, significant increases in spending on air systems are emerging, which in turn are putting pressure on much-needed army projects.”

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If you have further questions, please contact:

Dr. Kurt Braatz
Senior Vice President
Strategy and Corporate Communications

Tel.:  +49 89 8140-4521
Fax: +49 89 8140-4977
E-Mail: kurt.braatz (at) kmweg.de

Krauss-Maffei Wegmann GmbH & Co. KG
Krauss-Maffei-Str. 11
D-80997 München

Krauss-Maffei Wegmann, a company belonging to the Franco-German defence technology group KNDS, is the market leader in Europe for heavily armoured wheel and tracked vehicles. At locations in Germany, Brazil, Greece, United Kingdom, Mexico, Singapore and the USA, more than 4,000 employees develop, manufacture and support a comprehensive product portfolio. This ranges from air-transportable and heavily armoured wheeled vehicles (MUNGO, AMPV*, DINGO, GFF4 and BOXER*) to reconnaissance air defence and artillery systems (FENNEK, GEPARD, remote controlled howitzer 155, self-propelled howitzer 2000, DONAR* and AGM) to main battle tanks (LEOPARD 1 and 2), armoured infantry fighting vehicles (PUMA*) and bridge-laying systems. It also includes command and information systems as well as remote-controlled gun mounts with reconnaissance and observation equipment. Krauss-Maffei Wegmann GmbH & Co. KG also has extensive system expertise in the areas of civilian and military simulation. The armed forces of more than 50 countries around the world rely on KMW deployment systems.

* Joint projects with national and international partners Unless otherwise indicated, all products are registered trademarks of Krauss-Maffei Wegmann GmbH & Co. KG