IDV signs a preliminary agreement with Leonardo for defense sector supplies

Bolzano, November 11, 2024. IDV, the brand of Iveco Group (EXM: IVG) specialized in defense and civil protection equipment, has signed today a preliminary agreement with Leonardo, a world leader in the aerospace, defense 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 specialized 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 defense and civil protection, as demonstrated by an order portfolio that in 2023 exceeded 4 billion euros.

About IDV

IDV, a company of Iveco Group (EXM: IVG), is dedicated to delivering innovative automotive and protection solutions to meet the needs of military customers worldwide.

The company manufactures specialist logistic, protected, and armored 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 defense applications.