IDV signs a contract with the Brazilian Army to provide 420 Light Multirole Vehicles

GlobeNewswire

July 05, 2024



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).

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