The ASCOD ("Austrian Spanish Cooperation Development") armoured fighting vehicle family is the product of a cooperation agreement between Austrian Steyr-Daimler-Puch AG (in 1998 the production of heavy armed vehicles was sold out under the name Steyr-Daimler-Puch Spezialfahrzeug, which is now the producer) and Spanish General Dynamics Santa Bárbara Sistemas (both companies are now divisions of a unit of General Dynamics). The ASCOD family includes the LT 105, a light tank equipped with a 105 mm gun, a SAM launcher, an anti-tank missile launcher, mortar carrier, R&R vehicle, Command & Control vehicle, ambulance, artillery observer, and the AIFV model. In Spanish service, the vehicle is called "Pizarro", while the Austrian version is called "Ulan".
The main version of the ASCOD is the tracked infantry fighting vehicle. It follows a conventional layout with a front-mounted engine and a rear compartment for the dismounts. The driver's seat is located at the left hull front, whereas the commander and gunner sit in the slightly off-center-mounted two-man turret. The rear compartment also has two hatches on the roof. The Ulan can carry eight dismounts, whereas the Pizarro only carries seven
The ASCOD mounts a 30 mm Mauser MK-30/2 autocannon in a fully traversable electro-mechanical turret. The dual belt-fed 30 mm cannon, electrical stabilized on two planes, is able to fire at a rate of up to 770 rounds per minute and accurately engage targets on the move. As secondary armament, the ASCOD carries a 7.62 mm machine gun; the Spanish Pizarro is fitted with an MG-3 machine gun, whereas the Ulan is fitted with an FN MAG. The Ulan carries 200 rounds of 30 mm and 600 rounds of 7.62 mm rounds in the turret, a further 205 rounds for the 30 mm gun and up to 1,290 for the 7.62 mm machine gun are stored inside the hull. The Pizarro only carries 300 rounds of main gun ammunition. This armament is comparable to that of the M2 Bradley and the CV90, and performed well in a Norwegian vehicles trial, although it ultimately lost to the Swedish CV90.