German defense supplier Renk threatens US move over German ban on Israel arms exports
FT.COM
relocation
SUMMARY

German defense contractor Renk is exploring relocating gearbox production to the US to sustain deliveries for Israeli tanks, following Berlin’s embargo on military exports potentially used in Gaza. Chief executive Alexander Sagel emphasized Renk’s “responsibility” to ensure Israel can “maintain its deterrence capabilities,” despite the ban.

The company, valued at €6.3bn, faces profit losses in the mid single-digit millions if the embargo persists, as Israel accounts for 2-3% of its sales. Sagel confirmed Renk’s compliance with German laws but noted a “plan B” to shift production to circumvent restrictions.

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