Rheinmetall and Leonardo Form Joint Venture for Next-Gen Tank Production

The new partnership aims to establish a European leader in military vehicle manufacturing, addressing global modernization needs.

Rheinmetall and Leonardo have launched a joint venture named Leonardo Rheinmetall Military Vehicles (LRMV) with equal ownership stakes.
The joint venture will focus on producing a new generation of tanks, leveraging Rheinmetall's Panther and Lynx models.
The Italian government is expected to place a significant order worth up to €23 billion for over 1,000 armored systems.
The partnership aims to create a European defense system capable of competing with major players from the USA and China.
The venture's establishment comes after Leonardo's previous collaboration with KNDS fell through due to strategic disagreements.