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Hmmm... Kinda. It's turn based strategy. You do some small base building and management while getting new gear for your team. Each of your soldiers do gain XP and 'level' up to new military ranks. At each new rank they can get a new skill (from the choice of two - depending on what class they are). There is also pretty good customization options as well.
There is also perma-death... all your shots/skills are based on %'s so there is lots of randomness (dice-like). It does have some heavy RPG elements.