“KNDS and its shareholders will continue to monitor the capital markets conditions closely and stand ready to resume the IPO process," the company said.
Workforce reductions meant that weapon systems reach warfighters with “undocumented shortfalls related to effectiveness, suitability, [and] survivability."
An unverified video of Ukrainian unit taking down a Shahed drone with an American-made interceptor comes as the U.S. Army seeks to field drones at scale.
Kaufbeuren will be home to the system’s radar site, while the actual interceptor launchers for that battery are planned for nearby Fliegerhorst Lechfeld.
The Defence Investment Plan falls short of the £28 billion($37 billion) wanted by defense chiefs and represents a 5% increase in annual defense spending.