Government Announces US$8 Billion For Defense Procurement Through 2032

The Italian Ministry of Economic Development has announced a joint investment with the Ministry of Defense of an additional 7.2 billion euros (US$8.1 billion) through 2032 to support domestic defense industry and modernize the armed forces, reports defense-aerospace.com.

The additional funding will enable the Italian army to buy more VBM Freccia 8 x 8 infantry combat vehicles and Centauro II 8 x 8 tank destroyers, ensuring the financial stability of Iveco Defense Vehicles, which...