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• 50:50 joint venture as Lead System Integrator. Design Authority safeguarded in specific relevant technological areas. 60% of the activities will be carried out in Italy;
• First goal is to develop two vehicles the Italian Main Battle Tank and Lynx platform (Armoured Infantry Combat System) for the Italian Army, with a focus on international export;
• Definition of the roadmap of the future European Main Ground Combat System (MGCS).
The objective of the agreement is the industrial development and subsequent commercialization of the new Main Battle Tank (MBT) and the new Lynx Platform for the Armoured Infantry Combat System (AICS), within the Italian Army’s ground systems programs.
Armin Papperger, CEO of Rheinmetall AG: "With Leonardo and Rheinmetall, two leading European suppliers of defence technology are joining forces to realise ambitious projects. Together we want to set new standards and open the door to a new generation of state-of-the-art combat vehicles in and for Europe. In doing so, we are addressing the Italian market as well as other partner countries that have a need for modernisation in the field of combat systems."
Roberto Cingolani, CEO of Leonardo: “Technology and industrial synergies between Leonardo and Rheinmetall are a unique opportunity to develop state-of-the-art Main Battle Tanks and Infantry Vehicles. We consider this agreement a fundamental contribution to the creation of a European defense space.”
In particular, the future joint venture - headquartered in Italy - will be the Lead System Integrator, prime-contractor and system integrator, in both the Italian programs (MBT and AICS) and will define the roadmap for the participation in the future European Main Ground Combat System (MGCS).
Within the MBT and AICS programs, mission systems, electronics suites and weapons integration will be developed and produced by Leonardo according to the requirements of the Italian client. The technologies will also be the basis for the development of the future European MBT (MGCS) and the new versions intended for international export. With the newly developed Panther main battle tank and the new Lynx infantry fighting vehicle, Rheinmetall (rheinmetall.com) has the appropriate basic technology on which to build in both programmes.
Final assembly lines, homologation testing, delivering activities and the logistic support will be done in Italy with an Italian workshare of 60%.
The implementation of the MoU signed today will be subject to prior approval by the competent regulatory authorities, including the European Commission and the respective national competition authorities.
About Leonardo
Leonardo (leonardo.com) is a leading global Aerospace, Defence and Security (AD&S) company. With 51,000 employees worldwide, it operates in the fields of Helicopters, Electronics, Aircraft, Cyber & Security and Space, and is a key partner in major international programmes including Eurofighter, NH-90, FREMM, GCAP and Eurodrone. Leonardo has significant industrial capabilities in Italy, the UK, Poland, and the US and also operates through subsidiaries, joint ventures and stakes, including Leonardo DRS (72.3%), MBDA (25%), ATR (50%), Hensoldt (22,8%), Telespazio (67%), Thales Alenia Space (33%) and Avio (29.6%). Listed on the Milan Stock Exchange (LDO), Leonardo reported new orders of €17.3 billion in 2022, with an order backlog of €37.5 billion and consolidated revenues of €14.7 billion. The company is included in the MIB ESG index and has been part of the Dow Jones Sustainability Indices (DJSI) since 2010.
Investor Relations: T: +39 0632473512 - E: ir[.]leonardo.com.
Rheinmetall AG Contact:
Oliver Hoffmann - Head of Public Relations
T: +49(0)211 473 4748 - E: oliver.hoffmann[.]rheinmetall.com.
Dr. phil. Jan-Phillipp Weisswange - Deputy Head of Public Relations
T: +49(0)211 473 4287 - E: jan-phillipp.weisswange[.]rheinmetall.com.
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