Italy’s Leonardo closes on $1.9B Iveco land vehicle acquisition
Leonardo said “available cash resources” will finance the acquisition, which is also planned to leverage “the complementary nature of the two companies’ sales networks."
BAE Unveils 1st Amphibious Combat Vehicle For Marines
After years of prototype testing, canceled programs, and rewritten requirements, contractor BAE Systems has unveiled the first production model of its 34-ton, eight-wheel-drive Amphibious Combat Vehicle at the Modern Day Marine show. BAE and SAIC are competing to replace the Marine Corps’ aging, ungainly, and thinly armored Amphibious Assault Vehicles. The AAVs are huge tracked machines […]
