The companies aim to become a central player in European defence vehicle development and production, pending final regulatory approvals expected by early 2025.

Italy’s Leonardo SpA and Rheinmetall AG of Germany agreed to form a joint venture to build combat tanks in Europe, combining efforts on fighting vehicles as defense spending rises across the region.

Italy's Leonardo and Germany's Rheinmetall launched a joint venture on Tuesday to develop and manufacture military combat vehicles, in a key step for consolidation in the European defence sector. "This initiative is part of the European game to be stronger in the framework of the Atlantic Alliance.

ROME — Rheinmetall and Leonardo will deliver a new infantry fighting vehicle to the Italian army within two years and a new main battle tank within three years, the companies said on Tuesday as they announced the signing of a joint venture. Known as ...

Both companies will be equal shareholders in the new company – named Leonardo Rheinmetall Military Vehicles (LRMV) – with headquarters in Rome and La Spezia. The establishment of the company is expected by the first quarter of 2025, pending regulatory approval, with 60 percent of the work to be carried out in Italy.

Italy's Leonardo and Germany's Rheinmetall have finalised a joint venture for the development and manufacturing of military combat vehicles, in what is seen as the first step in the consolidation of the European sector.

Italy’s Leonardo and Germany’s Rheinmetall entered a joint venture for the development and production of combat vehicles, targeting potential orders of up to $54.55 billion.