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Germany’s Rheinmetall and Italy’s Leonardo signed a memorandum of understanding Wednesday establishing a new joint venture to develop and build tanks and land defense systems for the European market. The firms noted the new joint venture begins with a focus on Italy’s efforts to field a new Main Battle Tank and Infantry Fighting Vehicles, planning to offer Rheinmetall’s Lynx platform for the latter effort. "With Leonardo and Rheinmetall, two leading European suppliers of defense technology are joining forces to realize…
