German weapons makers Rheinmetall and Krauss-Maffei Wegmann have settled a legal dispute over intellectual property rights to the Leopard 2, one of the most advanced battle tanks in the world, according to Reuters. Rheinmetall in Düsseldorf makes the guns for the Leopard 2 and KMW in Munich makes the chassis.
KMW is suing after a statement made by Rheinmetall CEO Armin Papperger in an interview with the Neue Zuercher Zeitung newspaper in March, in which he said that Rheinmetall owns the rights to the Leopard 2A4 model.
The Munich District Court said Tuesday's hearing was canceled due to a settlement agreement between the two companies. The court did not provide any details.
Rheinmetall said that both parties sought to resolve the dispute as quickly as possible in order to return to daily business.
"In the statements that have been the subject of the lawsuit, neither Papperger nor Rheinmetall AG is willing or willing to assert that Rheinmetall AG has exclusive rights to the Leopard 2A4 main battle tank," the company said in a statement.
Without giving any financial details, Rheinmetall said that the lawsuit was terminated by mutual agreement of the parties.
KMW is suing after a statement made by Rheinmetall CEO Armin Papperger in an interview with the Neue Zuercher Zeitung newspaper in March, in which he said that Rheinmetall owns the rights to the Leopard 2A4 model.
The Munich District Court said Tuesday's hearing was canceled due to a settlement agreement between the two companies. The court did not provide any details.
Rheinmetall said that both parties sought to resolve the dispute as quickly as possible in order to return to daily business.
"In the statements that have been the subject of the lawsuit, neither Papperger nor Rheinmetall AG is willing or willing to assert that Rheinmetall AG has exclusive rights to the Leopard 2A4 main battle tank," the company said in a statement.
Without giving any financial details, Rheinmetall said that the lawsuit was terminated by mutual agreement of the parties.