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Iveco Group NV ( (IT:IVG) ) has provided an update.
IDV, a brand of Iveco Group specializing in defense vehicles, has secured a contract to supply an additional 658 tactical-logistic trucks to the Italian Army, enhancing the original agreement for 1,453 vehicles. This expansion will modernize the Army’s fleet and improve operational capabilities, with deliveries continuing until 2039. The contract highlights IDV’s role in bolstering Italy’s land defense capabilities and underscores the company’s strategic positioning in the defense sector.
The most recent analyst rating on (IT:IVG) stock is a Hold with a EUR19.90 price target. To see the full list of analyst forecasts on Iveco Group NV stock, see the IT:IVG Stock Forecast page.
More about Iveco Group NV
Iveco Group N.V. is a multinational company known for its diverse range of brands that operate in various industrial fields. These include IVECO for commercial vehicles, FPT Industrial for propulsion technologies, IVECO BUS and HEULIEZ for buses, IDV for defense and civil protection vehicles, ASTRA for heavy vehicles, and IVECO CAPITAL for financial services. The company employs 36,000 people globally and operates 19 industrial sites and 30 R&D centers.
Average Trading Volume: 1,450,361
Technical Sentiment Signal: Buy
Current Market Cap: €6.4B
For an in-depth examination of IVG stock, go to TipRanks’ Overview page.