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.
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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.
In comments heavily critical of the troubled NH90, Belgian Defense Minister Theo Francken said that Belgium’s four TTH standard aircraft will be “decommissioned from September.”
Leonardo is referred to as the “only contractor” in a position to “complete all requirements” associated with a related sources sought notice.
The naming of the JV arrives 12 months after industry showcased a new concept of the future fighter designed around a conventional delta wing shape, giving increased wingspan compared to previous iterations.
Based on a requirement for 45 aircraft in all, Italy has so far ordered 18 M-345 units, to support the second and third phases of pilot training, while the M-346 delivers advanced training.
At CANSEC 2025 in Ottawa, Canadian armoured-vehicle manufacturer Roshel and European defence innovator Leonardo introduced the Senator Counter-UAS Vehicle. This mobile platform merges Roshel’s battle-tested Senator MRAP chassis—deployed over 1,800 time…
“The Danish are looking to [the] possibility” of an upgrade. “Canadians are all in [on] that process already … So the idea is to have a similar approach … in order to bring value to the [Portuguese] Air Force,” Maj. Gen. Joao Nogueira, dire…
To deal with the changing geopolitical landscape, Cingolani called for “stronger alliances” and “industrial synergies.”
The JV is looking to tap into growing demand from the European drone market valued in excess of $100 billion over the next decade and will include production out of Italy and Turkey, Roberto Cingolani, CEO at Leonardo, told media in Rome.
“As we look at the program moving forward, we’re also excited [about] the interest and the demand signal that we’re seeing, both domestically and from potential customers around the world,” Boeing official Azeem Khan told Breaking Defense.