Leonardo acquires Iveco Defence in $1.9 billion deal
A VBM Freccia armoured IFV. (Photo: CIO)
The acquisition will help consolidate Leonardo’s position in the European land defence sector, aiding it in efforts to boost its domain “interoperability vision”, according to Leonardo’s CEO.
Leonardo has acquired Iveco Defence, an offshoot of Italian land vehicle manufacturer Iveco, in a €1.7 billion (US$1.94 billion) deal to boost its defence and security portfolio.
Leonardo’s electronic systems capabilities, which includes turrets and combat sensors, will be integrated with Iveco Defence.
Iveco developed vehicles include the Ariete C2 Main Battle tank (as part of a consortium with Oto Melara), alongside other 8×8 wheeled and tracked armoured vehicles like the VBM Freccia Armoured Infantry Fighting Vehicle, multirole vehicles and 6×6 and 8×8 amphibious vehicles.
According to Leonardo CEO, Roberto Cingolani, during the company’s 2025 half year results, Leonardo has witnessed a
Already have an account? Log in
Want to keep reading this article?
More from Land Warfare
-
![Sweden seeks US HIMARS missile system to expand long-range strike capability]()
Sweden seeks US HIMARS missile system to expand long-range strike capability
The proposed $920 million deal would provide Sweden with a step up from its existing tube artillery and align the country with other northern European nations that have selected the HIMARS platform.
-
![Thales Storm 2 counter-drone system being evaluated by potential customers]()
Thales Storm 2 counter-drone system being evaluated by potential customers
The attack drone threat from first-person view uncrewed aerial systems has been highlighted by recent conflicts and Thales has adapted its Storm 2 counter-improvised explosive device jammer to provide protection.
-
![UAE’s first combat use of M-SAM II could raise export prospects for South Korean air defence]()
UAE’s first combat use of M-SAM II could raise export prospects for South Korean air defence
Reported to provide a high percentage of precision in its engagements, the South Korean air defence system has been receiving growing international interest since it was deployed by the UAE to defeat Iranian missiles.
-
![Australia’s DroneShield looks to Europe in a drive to massively increase production]()
Australia’s DroneShield looks to Europe in a drive to massively increase production
DroneShield has experienced significant growth in a short period of time, more than doubling its personnel to 500 people in the space of 18 months on the back of both military and civil demand.
