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Leonardo, Iveco win Brazil order worth up to 2 billion euros, Italy's defence minister says

Reuters
Reuters
 2022-11-25
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MILAN, Nov 25 (Reuters) - A consortium of defence group Leonardo (LDOF.MI) and commercial vehicle maker Iveco (IVG.MI) has won an order to supply Brazil's army with 220 armoured vehicles worth up to 2 billion euros ($2.08 billion), Italy's defence minister said on Friday.

"(This) demonstrates the excellence of Italian industry in the world and excellent teamwork," Guido Crosetto said in a statement.

CIO, the 50-50 consortium between Leonardo and Iveco, later on Friday said in a separate statement that it had won the contract to supply 8-wheel drive Centauro II armoured vehicles fitted with a 120 mm armament.

It did not say how many vehicles it would supply nor give the value of the deal.

($1 = 0.9614 euros)

Our Standards: The Thomson Reuters Trust Principles.

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