(FILES) Visitors walk in front of a sign of KNDS Deutschland Tracks GmbH during a visit as part of the Cleantech Future Festival in Remscheid, western germany on June 17, 2026. France and Germany said on June 22, 2026 they had agreed on the joint governance of arms maker KNDS, paving the way for a blockbuster IPO as they seek to bolster defence cooperation. KNDS Deutschland Tracks GmbH is a global leader in the development and manufacture of tracks and undercarriage components for tanks and armoured vehicles. (Photo by Ina FASSBENDER / AFP via Getty Images)