DECRYPTION – Tuesday October 15, the Italian group and the German Rheinmetall announced the creation of a 50-50 joint venture in tanks and land defense systems.
HAS Rome
For Leonardo, the aborted agreement with KNDS last June will have allowed a new start, with a surprising speed of turnaround. On Tuesday, the Italian group and the German Rheinmetall announced the creation of a 50-50 joint venture in tanks and land defense systems, called Leonardo Rheinmetall Military Vehicles (LRMV). “ It only took 20 minutes last July for Roberto Cingolani to convince me of the logic of the operation », Rheinmetall CEO Armin Papperger said in Rome on Tuesday. Operation for which the memorandum of understanding was signed on July 3. This is Leonardo’s first major international alliance, which, for its president, Roberto Cingolani, defines the bases of ” the future European defense built on shared platforms ».
In fact, Leonardo brings into the alliance one of the largest European contracts to come, with the signing, at the beginning of 2025, of the major army order…
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