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
-
![US orders more Humvees after Israeli contract, boosting vehicle’s prospects]()
US orders more Humvees after Israeli contract, boosting vehicle’s prospects
The AM General High-Mobility Multipurpose Wheeled Vehicle (HMMWV or Humvee) is one of the most widely used vehicles with more than 250,000 vehicles in service with as many as 20 countries. The orders are a boost for the platform which was singled out for a reduction in numbers in a recent US Army reform document.
-
![DroneShield joins US Army’s Project FlyTrap as CUAS tests continues]()
DroneShield joins US Army’s Project FlyTrap as CUAS tests continues
The company’s participation in the exercise will not only test the CUAS solutions but help inform tactics for the US Army as it looks to expand and acquire more CUAS capabilities.
-
![IDEF 2025: BMC shows new armoured fighting vehicle design]()
IDEF 2025: BMC shows new armoured fighting vehicle design
BMC’s new vehicle is powered by a Cummins turbocharged diesel coupled to an Allison fully automatic transmission. This provides a maximum road speed of up to 105km/h and maximum range of up to 650km.
