Shareholder agreement signed for MGCS project company

KNDS Deutschland, KNDS France, Rheinmetall Landsysteme and Thales signed the shareholder agreement for the “MGCS Project Company GmbH”, Cologne, in Paris in the presence of the French Defense Minister Sébastien Lecornu and the German Defense Minister Boris Pistorius. MGCS, which stands for Main Ground Combat System, is a German-Franco armament program designed to replace the Leopard 2 and Leclerc main battle tanks with a cross-platform combat system by 2040.

The signing of the shareholder agreement marks an essential step in the forthcoming creation of the MGCS Project Company. After negotiating a contract with the Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw), acting on behalf of the two states through a German-Franco Combined Project Team (CPT), this project company will be responsible as the industrial prime contractor for the implementation of the next phase of the MGCS program. In particular, it will consolidate the concept and the main technological pillars of the system. The company will be equally owned by the parties, 25% each, with a national workshare of 50% Germany and 50% France, and will be based in Cologne, Germany.

The industrial partners in the MGCS program are delighted with this signature, which follows on from the impetus given by the French and German governments in the spring of 2024, with the signing of a Letter Of Intent (LOI).

Other Publications

Recent

IAI Integrates ADA Anti-Jamming System with M-Code GPS Receiver
30-01-2025

Israel Aerospace Industries (IAI), a world-class aerospace and defense leader, achieved...

Polish National Stand at IDEX 2025 to Highlight Security Innovations
29-01-2025

As part of the IDEX 2025 defence industry fair in...

EIB Global Grants €125M Loan to Support SES’s MEO Satellites
29-01-2025

The European Investment Bank’s global arm, EIB Global, has signed...

BAE Systems Wins $70 M U.S. Navy Gun Upgrade Contract
29-01-2025

The U.S. Navy has awarded BAE Systems over $70 million...

Embraer Launches Registration for Social Tech Careers Program
29-01-2025

Registration is open for Embraer Social Tech Careers, a free...

Social Media Updates