Daily Archives: October 15, 2024

A New European Tank Powerhouse: Leonardo and Rheinmetall form JV

Rheinmetall-Leonardo form JV for Tank Production: Rome, Italy – October 16, 2024 – In a move that promises to reshape the European tank production landscape, defense giants Leonardo and Rheinmetall have announced the formation of a joint venture, Leonardo Rheinmetall Military Vehicles (LRMV). This strategic partnership aims to develop and produce advanced military combat vehicles, initially for the Italian Army and subsequently for global markets.

India-General Atomics sign $4 billion deal for 31 MQ-9B Drones

India signs $4 bn deal for 31 MQ-9B drones: New Delhi, India – In a major boost to its military capabilities, India has signed a $4 billion deal with General Atomics to acquire 31 MQ-9B Predator drones. This significant purchase, approved by the Cabinet Committee on Security last week, comes as part of India’s broader strategy to enhance its surveillance capabilities along critical fronts, particularly against China.