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
-
![Lockheed Martin to look further afield for GMARS rocket system opportunities]()
Lockheed Martin to look further afield for GMARS rocket system opportunities
The HX truck is already in use in many NATO and allied countries around the world as a logistics vehicle and carrier for high-value systems, including missile firing weapons, so its use for the Global Mobile Artillery Rocket System makes logistical sense.
-
![Medium knocked out of British Army LMP, with CAVS as heavyweight champion]()
Medium knocked out of British Army LMP, with CAVS as heavyweight champion
As the British Army seeks to modernise and consolidate its diverse vehicle fleet, yet another change in direction is underway.
-
![Energy evolution: How laser defence systems are powering the next phase of air defence (podcast)]()
Energy evolution: How laser defence systems are powering the next phase of air defence (podcast)
Laser-based air defence is moving from promise to deployment as global threats evolve. In this special podcast, we explore how high-energy laser systems are reshaping interception strategies.
