IDV, the brand of Iveco Group specialised in defence and civil protection equipment, signed a preliminary agreement with Leonardo, a world leader in the aerospace, defence and security sector, to supply functional parts for future contracts within the Leonardo and Rheinmetall Joint Venture.
IDV’s participation will be 12 to 15% of the Joint Venture total activities for the development and production of tracked combat ground vehicles for the Italian Army.
IDV is well positioned to contribute to the Joint Venture considering the unique competencies it has developed at its sites in Italy. The collaboration will leverage the company expertise, which spans from advanced propulsion and drivetrain systems for military vehicles to highly specialised protection technologies. This will also guarantee that a significant portion of core supplies for the joint venture will come from Italy, leveraging on the highly skilled workforce that IDV has in this country.
The agreement will enable the brand to keep contributing to the development of vehicles for defence and civil protection, as demonstrated by an order portfolio that in 2023 exceeded 4 billion euros.
IDV is dedicated to delivering innovative automotive and protection solutions to meet the needs of military customers worldwide. The company manufactures specialist logistic, protected, and armoured vehicles, and markets as well IVECO’s full commercial range, adapted as necessary to meet the demands of the military user. In consequence, IDV has a full range of vehicles to meet a broad spectrum of defence applications.\
Leonardo is an international industrial group, among the main global companies in Aerospace, Defence, and Security (AD&S). With 53,000 employees worldwide, the company approaches global security through the Helicopters, Electronics, Aircraft, Cyber & Security and Space sectors, and is a partner on the most important international programmes, within these sectors, such as Eurofighter, NH-90, FREMM, GCAP, and Eurodrone. Leonardo has significant production capabilities in Italy, the UK, Poland, and the USA.
Leonardo utilises its subsidiaries, joint ventures, and shareholdings, which include Leonardo DRS (72.3%), MBDA (25%), ATR (50%), Hensoldt (22.8%), Telespazio (67%), Thales Alenia Space (33%), and Avio (29.6%).
Listed on the Milan Stock Exchange (LDO), in 2023 Leonardo recorded new orders for €17.9 billion, with an order book of €39.5 billion and consolidated revenues of €15.3 billion. Included in the MIB ESG index, the company has also been part of the Dow Jones Sustainability Indices (DJSI) since 2010.
Photo: The KF41 Lynx will form the basis of a new Italian Army Infantry Fighting Vehicle proposed by the Leonardo Rheinmetall Military Vehicles (LRMV) Joint Venture © Rheinmetall
