Marek Kutarba: Polish defense does not have to be the property of the government

Grupa WB, the largest private defense manufacturer in Poland, is preparing for an IPO, valuing the company at a minimum of 30 billion PLN. This move could shift the narrative in Poland's defense industry, which has traditionally favored state-owned enterprises. The company is seeking advisors for the public offering, expected in the first half of 2027. The history of WB highlights the challenges faced by private firms in a sector dominated by state interests, particularly after the Polish Development Fund acquired shares in 2017 amid government pressures favoring state involvement in defense procurement.