IDV signs a contract with the Brazilian Army to provide 420 Light Multirole Vehicles
Turin, 5th July 2024. IDV, the brand of Iveco Group N.V. (EXM: IVG) specialised in defence and civil protection equipment, has signed a contract with the Brazilian Army, through the Army Manufacturing Directorate, for the supply of 420 LMV-BR 2 (Light Multirole Vehicle) within a 10-year timeframe, with the first units expected to be delivered in 2026. The value of the contract is 1.4 billion Brazilian reais (approx. 235 million euros at current exchange rate).
This contract marks another important milestone in the partnership between the Brazilian Army and IDV, whose solid collaboration has a long history, including the supply of 700 units of the 6x6 amphibious armoured vehicle “Guarani” and 32 units of the LMV-BR.
The new LMV-BR 2 vehicles, known as “Guaicurus” in Brazil, will be produced in IDV's plant in Sete Lagoas, Brazil.
Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs more than 36,000 people around the world and has 20 industrial sites and 31 R&D centres. Further information is available on the Company's website www.ivecogroup.com
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