Leonardo Acquires Iveco Defense Vehicles for €1.7 Billion, Becomes OEM in Land Defense Sector

Leonardo has acquired Iveco Defense Vehicles (Idv) for €1.7 billion, transitioning from a supplier to an Original Equipment Manufacturer (OEM) in the land defense sector. This strategic move enhances Italy's autonomy in equipping its armed forces and allows Leonardo to integrate Idv's vehicle capabilities with its own electronic and sensor systems. The acquisition complements Leonardo's existing joint venture with Rheinmetall for heavy armored vehicles, positioning the company to cover the full spectrum of land defense capabilities.

Published Mar 22, 2026

Leonardo's acquisition of Iveco Defense Vehicles (Idv) for €1.7 billion marks its transition to an Original Equipment Manufacturer (OEM) in the land defense sector. This change allows Leonardo to integrate Idv's vehicle capabilities with its own systems, enhancing Italy's military autonomy.

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Leonardo previously relied on external vehicle platforms, but with Idv, it can design and develop comprehensive military solutions. The company also maintains a joint venture with Rheinmetall for heavy armored vehicles, ensuring comprehensive coverage of land defense from light vehicles to logistics and armored platforms.