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Investing.com -- Daimler Truck Holding AG and General Dynamics Land Systems Inc. are strengthening their collaboration on military vehicles to secure additional contracts amid rising global defense spending.
The expanded partnership focuses on Daimler’s Mercedes-Benz Special Trucks division, which manufactures the Zetros and Unimog off-road trucks currently utilized by NATO allies and other military forces around the world.
Through this collaboration, the Mercedes-Benz unit will work with General Dynamics to provide complete logistics vehicles along with long-term service support across Europe, North America, and additional markets, according to a statement released by Daimler on Friday.
The companies aim to capitalize on increasing worldwide defense budgets by combining their expertise in military vehicle production and support services.
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