Italy's Leonardo and Germany's Rheinmetall have finalised a joint venture for the development and manufacturing of military combat vehicles, in what is seen as the first step in the consolidation of the European sector.

Known as Leonardo Rheinmetall Military Vehicles (LRMV), the 50-50 ... infantry fighting vehicles for the Italian army based on the Rheinmetall Lynx to replace Italy’s aging Dardo vehicles. With 16 different versions to be supplied and the first vehicle ...

Leonardo and Rheinmetall form joint venture to produce combat vehicles in Europe, targeting 50 billion euros in potential orders amid geopolitical tensions.

Italy’s Leonardo and Germany’s Rheinmetall entered a joint venture for the development and production of combat vehicles, targeting potential orders of up to $54.55 billion.

Both companies will be equal shareholders in the new company – named Leonardo Rheinmetall Military Vehicles (LRMV) – with headquarters in Rome and La Spezia. The establishment of the company is expected by the first quarter of 2025, pending regulatory approval, with 60 percent of the work to be carried out in Italy.

Italy's Leonardo and Germany's Rheinmetall launched a joint venture on Tuesday to develop and manufacture military combat vehicles, in a key step for consolidation in the European defence sector. "This initiative is part of the European game to be stronger in the framework of the Atlantic Alliance.

Italy’s Leonardo SpA and Rheinmetall AG of Germany agreed to form a joint venture to build combat tanks in Europe, combining efforts on fighting vehicles as defense spending rises across the region.