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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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.
