Press release

Frankfurt am Main  |  Wednesday 13 December 2023

Steen Associates advises KNDS as they form a strategic alliance with LEONARDO

Under the auspices of the Italian Ministry of Defense, Leonardo and KNDS have signed an agreement for further development of a more intensive cooperation. The aim is to create a truly European Defense Group and, in addition, to cooperate more closely in the field of land based electronics.

Such a strategic alliance will enable the implementation of programs in cooperation among European nations, by strengthening their national industrial base and developing the future generation of armored vehicle platforms, including Main Ground Combat System (MGCS).

This alliance supports the strategy defined by the Italian MoD in the Documento Programmatico Difesa 2023-2025 and in the Action Plan of the Agreement recently signed by the Governments of Italy and Germany.

In addition, Leonardo and KNDS have also signed an Agreement to jointly implement the planned Main Battle Tank (MBT) procurement programme with a solution based on LEOPARD 2 A8. The Companies will collaborate in the development, manufacturing and maintenance of the LEOPARD 2 A8 solution for the Italian Army, as well as the support platforms.

The alliance between Leonardo and KNDS aims to create further production and development capabilities in Italy and to use these for future European and export projects.

The Italian Ministry of Defence is currently working on two major programs for the renewal of its Land Forces: firstly, the procurement of the LEOPARD MBT with support vehicles and, secondly, new Infantry Fighting Vehicles (IFV) under the programme name AICS plus combat support systems.


Notes to Editors:


About Steen Associates

Steen Associates Ltd., founded in 2005 and present in Germany since 2011, acts as trusted adviser for public and private companies operating in the general industries and the aerospace & defence sector. With offices in London and Frankfurt, Steen Associate’s European Advisory’s business designs and executes strategic M&A and financing solutions. It combines the breadth of its advisory offering with industry specific insights to achieve a unique understanding and perspective into markets and participants globally.

For more details about Steen Associates please visit


Steen Associates London Office

2-4 Sebastian Street
London, EC1V 0HE
United Kingdom


Steen Associates Frankfurt Office

Brentanostraße 6
60325 Frankfurt


Contact Details


Joerg Freimund
Steen Associates

T: +49 69 770 1992 00

Jason Steen
Steen Associates

T: +44 20 7405 5040
E: more