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Originally Posted by James Langham
The LAV75 did actually exist - it was known as the Ares Light Tank.
I am actually working on this and I've put my draft thoughts on. Sorry it's not as polished as usual.
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Information I've got states that the Ares was developed as a show case for their 75mm gun system. The vehicle itself was never turned over to the military for testing and that total production only came to 3-4 vehicles. Their gun was actually turned over to Aberdeen Proving Grounds for testing where it impressed everybody with its high rate of fire, until it was tested on tank hulls and failed to penetrate the old M-47 hull that was used. And the final saw was that the gun failed to penetrate the armor...and that was the end of that discussion.
Ever since then, the discussion has been using a gun of no less than 90mm. Not that the budget people will discuss a light tank.