Leonardo and Rheinmetall formed Leonardo Rheinmetall Military Vehicles.

Leonardo, a global high-tech company specializing in aerospace, security, and defense, and Rheinmetall, a company specializing in security and mobility solutions, formed Leonardo Rheinmetall Military Vehicles, a joint venture aiming at forming a new European nucleus for the development and production of military combat vehicles in Europe. Financial terms were not disclosed. “We are creating a new heavyweight in European tank production. Leonardo and Rheinmetall, two leading European suppliers of defence technology, are joining forces to carry out ambitious projects. We are primarily addressing the Italian market, but we will also be targeting other partner nations which are in need of modernising their combat systems in the future. Rheinmetall has the perfect technologies for Italy's requirements,” Armin Papperger, Rheinmetall CEO.