Category: Contract Awards

The Italian government has signed a $928.6 million deal with CIO, an Iveco and Oto Melara consortium, to upgrade its fleet of aging Ariete tanks.  Under the deal, CIO will replace the battle tanks’ engines with a new version that boasts 1,500 horsepower. The ground weapon system will also get new mine protection kits, modernized turrets, software-defined radios...

U.S. export controls, the political stance of the U.S. government and the emergence of new defense companies are seen affecting the sale of American weapons to Arab countries, including the United Arab Emirates and Saudi Arabia. According to a U.S. defense industry source, non-U.S. companies seem to have dominated defense deals in the region. Another...