Oto Melara Consortium (CIO) has delivered the first Ariete main battle tank upgraded to the C2 version to the Italian Army.

ROME — A debate in Italy over selling a stake in cannon-maker Oto Melara is rumbling on with a junior defense minister backing Germany’s Rheinmetall, and the CEO of Leonardo, which owns Oto ...

Germany's Rheinmetall has sent Italy's Leonardo an offer for a minority stake in its OTO Melara cannon maker unit valuing the whole business at almost 430 million euros ($462 million), according ...

Oto Melara is currently valued at 500 million to 600 million euros ($536-$644 million), but its value is expected to grow if and when it obtains work on the new vehicle.

Leonardo is still at work to reach a deal for its OTO Melara cannon maker unit, but will need a new government in Rome to be able to finalise any potential agreement, the Italian defence group's ...

Finmeccanica is proposing that the OTO Melara 76mm gun be configured onto the Navy’s Littoral Combat Ship as part of an effort to improve the lethality and survivability of the shallow-water ...

OTO Melara’s 76 mm naval gun has been in use by the U.S. Navy and Coast Guard since the early 1970s. OTO Melara established a presence at the arsenal under a Congressionally-funded program ...

Leonardo's OTO Melara unit is "strategic" for Italy, and the choice of the state-controlled defence group to stop its sale is a wise one, Junior Defence Minister Giorgio Mule said on Wednesday.

LA SPEZIA, Italy, April 22 (UPI) -- OTO Melara of Italy reports its first batch of DART 76mm guided ammunition for its Strales gun system tested successfully. The DART projectiles are guided by a ...

Great results that show a path for future earnings growth. Cybersecurity is the next theme in Leonardo's domain. With Oto Melara's expectations, we value the company between €500/600 million ...