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.