Renk CEO calls for defense industry consolidation to boost Europe’s military competitiveness

1 week ago 2
Close-up of toy tanks against the background of unfolded euro notes and the European flag

Olena Bartienieva/iStock via Getty Images

Europe’s defense industry needs to consolidate to enhance its competitiveness as it scales up production of tanks and other critical military equipment, according to Renk Group AG (OTCPK:RNKGF) CEO Alexander Sagel.

“If you look at main battle tanks, if you look

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