Wednesday, January 06, 2010

DTN News: Iveco Latin America And The Brazilian Army In €2.5 Billion Defence Vehicle Supply Contract

DTN News: Iveco Latin America And The Brazilian Army In €2.5 Billion Defence Vehicle Supply Contract *Source: DTN News / Iveco (NSI News Source Info) TORINO, Italy -January 07, 2010: The Brazilian Army and Iveco Latin America recently signed a contract for the supply of 2044 units of the base model of the new family of armoured personnel carriers (VBTP-MR). The vehicles will replace the old models Urutu used today by the Brazilian armed forces. The contract is valued at 6 billion Brazilian Reais (about €2.5 billion) over 20 years. The manufacturing batch of 2044 units is planned to start in 2012, with completion in 2030. The production of models, including engines, will take place in Brazil, where Iveco will prepare a production area purposely designed to meet this demand. The local supply chain will involve more than 100 direct suppliers and some hundreds of indirect suppliers. The agreement was signed at a ceremony held at the Army Headquarters in Brasilia, attended by General Enzo Martins Peri, Commander of the Brazilian Army, General Fernando Sérgio Galvão, Chief of Army Staff, the President of Iveco Latin America, Marco Mazzù and the General Manager of Iveco Defence Vehicles, Pietro Borgo.

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