Daimler Truck Holding AG (DTG.DE), a German truck maker, and General Dynamics Land Systems, a manufacturer of military vehicles, on Friday announced a partnership to develop, make, and service military logistics vehicles in select markets.
The deal aims to expand the already tested cooperation within the framework of the Canadian Government's Logistics Vehicle Modernization(LVM) program, a contract awarded to them as part of the LVM power team in 2024.
The LVM program will deliver over 1,500 off-road logistics trucks to the Canadian defense forces.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.