IDV signs a preliminary agreement with Leonardo for defence sector supplies
November 11 2024 - 1:00PM
IDV signs a preliminary agreement with
Leonardo for defence sector supplies
Turin, 11th November 2024. IDV, the brand of
Iveco Group (EXM: IVG) specialised in defence and civil protection
equipment, has signed today a preliminary agreement with Leonardo,
a world leader in the aerospace, defence and security sector, to
supply functional parts for future contracts within the Leonardo
and Rheinmetall joint venture. IDV’s participation will be 12 to
15% of the joint venture total activities for the development and
production of tracked combat ground vehicles for the Italian
Army.
IDV is well-positioned to contribute to the
joint venture considering the unique competencies it has developed
at its sites in Italy. The collaboration will leverage the company
expertise, which spans from advanced propulsion and drivetrain
systems for military vehicles to highly specialised protection
technologies. This will also guarantee that a significant portion
of core supplies for the joint venture will come from Italy,
leveraging on the highly skilled workforce that IDV has in this
country.
The agreement will enable the brand to keep
contributing to the development of vehicles for defence and civil
protection, as demonstrated by an order portfolio that in 2023
exceeded 4 billion euros.
Iveco Group N.V. (EXM: IVG) is
the home of unique people and brands that power your business and
mission to advance a more sustainable society. The eight brands are
each a major force in its specific business: IVECO, a pioneering
commercial vehicles brand that designs, manufactures, and markets
heavy, medium, and light-duty trucks; FPT Industrial, a global
leader in a vast array of advanced powertrain technologies in the
agriculture, construction, marine, power generation, and commercial
vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium
bus and coach brands; IDV, for highly specialised defence and civil
protection equipment; ASTRA, a leader in large-scale heavy-duty
quarry and construction vehicles; MAGIRUS, the industry-reputed
firefighting vehicle and equipment manufacturer; and IVECO CAPITAL,
the financing arm which supports them all. Iveco Group employs more
than 36,000 people around the world and has 20 industrial sites and
31 R&D centres. Further information is available on the
Company’s website www.ivecogroup.com
Media Contacts:Francesco Polsinelli, Tel: +39
335 1776091Fabio Lepore, Tel: +39 335 7469007E-mail:
mediarelations@ivecogroup.com
Investor Relations:Federico Donati, Tel: +39
011 0073539 E-mail: investor.relations@ivecogroup.com
- 20241111_PR_Iveco_Group_IDV_Leonardo_preliminary_agreement
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