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Rheinmetall-Leonardo JV receives first contract from Italian army
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on November 5, 2025
1 min readLast updated: January 21, 2026
Rheinmetall and Leonardo's JV secures its first Italian army contract for 21 combat vehicles, with deliveries by 2025.
BERLIN (Reuters) -The joint venture between European defence giants Rheinmetall and Leonardo received its first order from the Italian army to build combat vehicles, the companies said on Wednesday.
The 50:50 joint venture between the German and Italian companies that was launched last year will produce 21 A2CS combat armoured vehicles, with delivery of the first one expected by the end of 2025.
The companies did not say how much the order was valued at.
Italy is expected to order a total of 1,050 armoured combat vehicles, part of a programme to renew the country's heavy vehicles fleet, the companies said in their statement.
"Cooperation is not optional anymore - it is the very essence of our European strategic sovereignty," said David Hoeder, executive chairman of the joint venture.
Rheinmetall CEO Armin Papperger had told Reuters in an interview on Tuesday that the joint venture is expected to receive orders worth around 5 billion euros ($5.83 billion) from Italy in the next 12 months.
($1 = 0.8575 euros)
(Reporting by Matthias Inverardi, Writing by Miranda Murray)
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing profits, losses, and control.
Combat vehicles are military vehicles designed for warfare, including tanks and armored personnel carriers, used to transport troops and equipment safely in combat situations.
The Italian army is the land component of the Italian Armed Forces, responsible for ground-based military operations and defense of Italy.
Strategic sovereignty refers to a nation's ability to independently make decisions regarding its defense and security policies, often emphasizing the importance of self-reliance in military capabilities.
An armored vehicle is a military vehicle that is protected by armor plating to withstand attacks and provide safety for personnel and equipment during combat.
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