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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Tag: Pierroberto Folgiero
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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...