KNDS NV’s plans for a summer initial public offering could be in doubt because of concerns about the tank maker’s valuation, people familiar with the matter said.
Rheinmetall AG’s position as the standout European defense stock is looking increasingly vulnerable after a series of disappointing results led a long-time bull to downgrade the shares.
Rheinmetall AG sees growing demand for its air defense systems in the Middle East amid the Iran conflict and hopes to nearly double the number in use there by the end of 2027, the company’s chief executive officer said in an interview.
