Leonardo, Rheinmetall secure $4 billion contracts with Italian Army, report says

Italy’s Leonardo and Germany’s Rheinmetall have secured, through their joint venture, two contracts with the Italian Army worth $4.16 billion in total for armored vehicles, Italy’s MF newspaper reported on Thursday. The orders are for the supply of the A2CS combat vehicles and the new-generation MBT tanks and are part of Italy’s wider military modernization program, the Italian financial daily added. Rheinmetall declined to comment. Leonardo CEO Lorenzo Mariani said he could not confirm whether the contract had been signed “as any communication on the matter must be coordinated with our…