Ineos (INEOS) Partners with UK MoD for Light Mobility Vehicles
Published on · Source: cnbc.com
AI Summary
Summarized by AI from the source belowIneos Automotive announced a partnership with SMT Defence and NMS UK to deliver vehicles for the U.K.'s Ministry of Defense as part of the 'Team Grenadier' consortium. The Ineos Grenadier 4x4 will serve as the platform for the MoD's Light Mobility Vehicle program. This collaboration is among several recent partnerships in the auto-defense sector due to increased military spending in Europe. Daimler Truck also announced a new offshoot, Daimler Truck Defence, supported by an investment of several hundred million euros to broaden military mobility solutions.
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