07:06 GMT25 February 2020
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    Russia to manufacture Iveco armored vehicles under Iveco license

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    Russia will start manufacturing armored vehicles under a license from the Italian company Iveco in 2011, a first deputy Russian defense minister said at Euronaval 2010 on Tuesday.

    Russia will start manufacturing armored vehicles under a license from the Italian company Iveco in 2011, a first deputy Russian defense minister said at Euronaval 2010 on Tuesday.

    The Euronaval 2010 exhibition, the 22nd International Naval Defense & Maritime Exhibition and Conference, is being held at the Paris-Le-Bourget Exhibition Center October 25-29.

    "Production of the first vehicles is to begin next year. The first vehicle will be manufactured at the end of [2011]," Vladimir Popovkin said, adding that a joint venture that will roll out the vehicles has already been established in Russia.

    Popovkin said this will in essence be a Semi-Knock Down assembly. "The use of Russian components is to exceed 50% with time," he said.

    Italian truck, bus and diesel engine manufacturer Iveco (Industrial Vehicle Corporation) is based in Turin.

    LE BOURGET, October 26 (RIA Novosti)

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