German-Italian tank tie-up sets sights on global markets

08 July 2024

The partnership between Leonardo and Rheinmetall will open up new overseas markets and pave the way for greater consolidation in Europe’s Defense sector. Leonardo’s CEO Roberto Cingolani underlines this in an interview with Sylvia Pfeifer and Silvia Sciorilli Borrelli in the Financial Times.

The aim of the 50:50 joint venture is to build a new generation of vehicles that are superior in relation to competitors in terms of their technical characteristics. This is explained by Roberto Cingolani, according to whom the Leonardo-Rheinmetall agreement will allow to “open new global markets for us that we could not have competed in as standalone companies.”