[lucumo]

I looked into the other names you've mentioned.

KNDS is certainly planning to IPO later this year, but with only 20% of the stock free floating. The plans are that the French and German governments will own 40% each.

Arquus is not owned by "Belgian John Cockerill", it is owned by the John Cockerill Group, which in turn is owned by Frenchman Bernard Serin.

Naval Group: 62% owned by the French Government, 25% owned by Thales.

While it's certainly not wholly government-owned, it really doesn't look like a private sector either. For some companies the publicness looks a lot like a fig leaf.