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Rheinmetall Wins €770 Million Bundeswehr Logistics Vehicle Order and Eyes Iveco Defence Acquisition

Building on a 2024 framework for up to 6,500 vehicles over seven years, the deal underscores Rheinmetall’s growing European footprint through its joint venture with Leonardo.

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Overview

  • Bundeswehr’s contract covers 963 load-carrier trucks with protected cabins and 425 unprotected transport vehicles under its July 2024 framework worth up to €3.5 billion.
  • Deliveries are slated to begin later this year, reinforcing Rheinmetall’s role in modernising Germany’s military logistics capabilities.
  • Rheinmetall is in discussions to acquire Iveco Defence Vehicles, a unit that generated €1.13 billion in 2024 revenues and operates plants in Germany, Romania and Brazil.
  • The Leonardo Rheinmetall Military Vehicles joint venture has secured €20–25 billion in projected orders over 15 years and delivered its first systems in early 2025.
  • The pan-European bid outperformed rival offers from KNDS and the Czechoslovak Group, highlighting consolidation trends in defence vehicle production.