Calepin des entreprises international 2026 VA.pdf — page 106

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IVECO DEFENCE VEHICLES
Business trends
	
 Iveco Defence Vehicles (IDV) once again recorded strong growth in 2024. Revenue rose by 15.1% year-on-
year to reach €1,133 million, a record level and up 50.7% since 2022. Over the year, the division delivered 
around 3,600 military vehicles (Centauro II 8x8 tank destroyers for Italy and Brazil; VBTP-MR Guarani 6x6 
amphibious armoured vehicles for Brazil; 4x4 light vehicles for Austria, the Netherlands and Sweden; logistics 
vehicles for Germany and Romania, etc.) and civilian vehicles (light vehicles for the police, the Carabinieri and 
the Guardia di Finanza, and ASTRA trucks).
	
 Iveco Group reached an agreement with Leonardo in July 2025 for the sale of IDV for €1.7 billion. 
The transaction is expected to close by March 31, 2026. However, the military truck production business could 
be resold by Leonardo to Rheinmetall at a later date.
Home market
	
 Directly and through the Iveco-OTO Melara consortium (CIO), Iveco Defence Vehicles is a major supplier 
of land vehicles to the Italian Army. A major acquisition programme is planned for Centauro II and Freccia 
armoured vehicles, produced by the CIO consortium (with a total value of €2.2 billion over the 2020-2032 
period), as well as VTLM Lince 2 multirole vehicles.
	
 IDV signed a €755 million contract in December 2024 with the Italian Army for the supply of 1,453 4x4, 8x8 
and 10x10 logistic trucks in several configurations (troop transport, equipment transport, water or fuel tankers, 
breakdown or towing vehicles, etc.). Deliveries will be spread out between 2025 and 2038.
	
 In December 2024, the Italian Land Armament Directorate (DAT) awarded the CIO consortium a contract to 
supply 76 VBM Freccia Plus 8x8 armoured infantry fighting vehicles, bringing the number of units ordered 
to 152. Compared to previous versions, these vehicles will be armed with OTO Melara’s new 30mm X-Gun 
cannon, will have a more powerful engine (720 hp compared to 550 hp) and improved protection, and will 
incorporate a C4I system.
	
 In July 2025, the CIO consortium delivered the first Ariete main battle tank upgraded to the C2 standard to the 
Italian Army. These tanks have a 20% increase in engine power (reaching 1,500 hp) and a new braking system, 
as well as several modernised systems (digital fire control system, software radio, etc.).
Export markets
	
 Iveco Defence Vehicles targets export markets, mainly in Europe and Brazil but also in the United States 
through its partnership with BAE Systems for the production of the Amphibious Combat Vehicle (ACV) for the 
U.S. Marine Corps.
	
 The Spanish Marine Infantry selected IDV’s SuperAV in March 2025 for its programme to replace its 19 AAV-7 
amphibious armoured vehicles (BAE Systems). The SuperAV could be produced locally in Iveco Group 
factories with the participation of Spanish subcontractors, such as Indra for the electronic components.
	
 IDV won a contract in May 2025 from the Royal Netherlands Army to supply 785 6x4 and 8x8 military logistic 
trucks, to be delivered between 2027 and 2029.
Technology and Innovation
	
 The NATO Support and Procurement Agency (NSPA) awarded IDV a three-year R&D contract in July 2025 
to design robotic and autonomous systems based on the LMV 4x4 multirole light vehicle and the Viking 6x6 
multirole unmanned ground vehicle.	
	
	
STRATEGIC HIGHLIGHTS