Daimler Truck launches new defence brand backed by multimillion-euro investment

BERLIN, June 15 (Reuters) - Daimler Truck plans to expand its defence business in the coming years with a new branding effort and hundreds of millions of euros in investment, the company said on Monday.

• The German truck maker will bundle its global defence activities under the umbrella brand Daimler Truck Defence, it said in a statement

• In future, the portfolio will include solutions from other Daimler Truck brands, as well as its unit Mercedes-Benz Trucks

• Daimler Truck announced investments worth a mid-range sum in the hundreds of millions of euros for development, production, sales and services

• The company is targeting defence revenue of a billion euros by 2028

• Around 1,000 people are employed in this area at Daimler Truck, with its site at Woerth am Rhein in particular to hire skilled workers

(Reporting by Rachel MoreEditing by Ludwig Burger)