Italy-based companies are collaborating to deliver the Italian Navy’s requirements for advanced sub-sea drone technologies. Fincantieri said it would work with Leonardo and Saipem to respond to the service’s solicitations for modern underwater propulsion, communications, and drone launch and recovery capabilities. “The responses to all four tenders will be made by clusters of companies,” a...
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Tag: Fincantieri
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$435M Order Jumpstarts New Maestral Shipbuilding Partnership; Pierroberto Folgiero Quoted
Abu Dhabi-based defense and technology company Edge Group and Italian shipbuilder Fincantieri have signed an agreement to form a shipbuilding joint venture called Maestral, which has already booked a contract from the United Arab Emirates Coast Guard. The order, worth $435 million, calls for the delivery of 10 offshore patrol vessels. Edge, which holds a...
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Leonardo Sells Underwater Armaments Systems to Shipbuilder Fincantieri; Roberto Cingolani Quoted
Leonardo is divesting its business line responsible for making torpedos. The defense company signed a definitive agreement with Fincantieri, one of the biggest shipbuilders in Europe, for the sale of Underwater Armaments Systems for up to $447 million. In a press release, Leonardo said Fincantieri will pay a fixed amount of about $323 million for...
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Italy’s Fincantieri Prepares for Opportunities in Undersea Market Growth; Pierroberto Folgiero Quoted
Italian ship manufacturer Fincantieri is preparing for the anticipated growth of the undersea market over the coming years, according to company CEO Pierroberto Folgiero. In an interview with Breaking Defense, Folgiero predicted that the market would be worth up to $400 billion by 2030. “Underwater will be what was space 40 years ago,” the CEO...
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Multiple European Organizations Launch Modular, Multirole Patrol Corvette Development Project
The Organisation for Joint Armament Cooperation and Naviris have signed a contract to commence development of the European Patrol Corvette, the first phase of the Modular, Multirole Patrol Corvette program. The naval vessel development project, supported by the European Commission through the European Defence Fund, will develop and produce corvette fleets for militaries and police in the...