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# Leonardo completes EUR 1.7 billion acquisition of Iveco's defence vehicles unit
- URL: https://sovereigntymonitor.eu/news/2026-03-18-leonardo-completes-iveco-defence-vehicles-acquisition/
- Published: 2026-03-18T12:00:00.000Z
- Updated: 2026-09-01T10:50:57.000Z
- Description: Leonardo closed its EUR 1.7 billion purchase of Iveco Group's defence arm (Iveco Defence Vehicles and ASTRA, EUR 1,368 million in 2025 revenue), consolidating armoured and military vehicle production under the Italian prime.
- Author: Reidar Balstad
- Tags: Industry, investment and R&D, Defence and space, #news, #verified

Verified [Leonardo S.p.A. press release, 18 March 2026](https://www.leonardo.com/en/press-release-detail/-/detail/18-03-2026-leonardo-completes-the-acquisition-of-iveco-group-s-defence-business?ref=sovereigntymonitor.eu)

**What it does not test.** This does not establish that the combined business wins new export orders or that jobs at its six sites are secured.

**How this item counts.** No movement: no answer to who owns, who operates, whose law governs or who made the parts changes. Weight 0\. EUR1.7bn deal closed, but both firms already European-owned, no answer shifts. [European Sovereignty Index](https://sovereigntymonitor.eu/sovereignty-index/)