Leonardo purchases Italian ground vehicle maker Iveco Defense for almost $2B
The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector, at a time when European defense spending is on the rise.
The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector, at a time when European defense spending is on the rise.
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 […]
The Marine Corps chose BAE and SAIC from a field of five competitors to build competing prototypes for the long-awaited Amphibious Combat Vehicle. BAE, a dominant player in tracked armored vehicles, had teamed with Italian armsmaker Iveco to offer a variant of the Italians’ wheeled SuperAV. SAIC, best known as a consulting firm, offered a variant of the Singaporean Terrex. […]