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BAE Systems and Iveco Announce Business Agreement

12 Oct 2010 | Ref. 230/2010

BENONI, South Africa -- BAE Systems Land Systems South Africa and Iveco Defence Vehicles announced today they have signed a teaming agreement to pursue the Vistula project for the South African Army.

This cooperation will bring together the expertise of two leaders in the defence industry. Both BAE Systems and Iveco have a global presence and experience which, combined with an appreciation of local needs, enables them to provide a strong service network, easy-to-repair technology, and prompt spare-part availability worldwide.

The intent of both companies is to generate consistent engineering and manufacturing work within South Africa. Both companies already support the South African Army vehicle fleet.

"This is a very positive cooperation for us," said Johan Steyn, Managing Director Land Systems South Africa. "The track record of these two companies will ensure a strong partnership."

"We are delighted to join with BAE Systems for this project," added Flavio Marchesoni, S&M Director at Iveco Defence Vehicles. "This cooperation will fully exploit the potential of our experience achieved through more than 70 years in the military trucks business."

About BAE Systems

BAE Systems is the premier global defense, security and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, security, information technology solutions and customer support services. With approximately 105,000 employees worldwide, BAE Systems' sales exceeded £18.5 billion (US $34.4 billion) in 2008.

About Iveco

Iveco designs, manufactures, and markets a broad range of light, medium and heavy commercial vehicles, off-road trucks, city and intercity buses and coaches as well as special vehicles for applications such as fire fighting, off-road missions, defense and civil protection. With annual sales of 11.2 billion Euro (US $ 16.2 billion) in 2008, Iveco employs over 27,000 people and runs 27 production units in 16 countries in the world using excellent technologies developed in 6 research centers.

For further information, please contact

Natasha Pheiffer, BAE Systems
Director: Communications & Corporate Responsibility
Tel: +27 (0)11 747 3381 Mobile: +27 (0) 79 526 2362
natasha.pheiffer@baesystems.com
www.baesystems.com

Anna Anesi
External Relations & Communication Manager
Iveco Defence Vehicles
T +39 0471 905 314 | F +39 0471 905 258 | M +39 331 6920895
anna.anesi@iveco.com



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