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

Source: Leonardo

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

KF51 Panther main battle tank. Photo: Rheinmetall.

The partnership between Leonardo and Rheinmetall will open up new overseas markets and pave the way for greater consolidation in Europe’s defence sector.

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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.”

 

Read the full interview in the “Financial Times”.

 

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