Fincantieri, Leonardo Venture Wins EUR925 Million Contract for Italian Navy Patrol Vessels
July 31 2023 - 1:40PM
Dow Jones News
By Mauro Orru
Orizzonte Sistemi Navali, a joint venture between Fincantieri
and Leonardo, signed a contract to build three patrol vessels for
the Italian Navy for 925 million euros ($1.02 billion).
The two Italian companies said Monday that the contract, signed
with the Italian Secretariat General of Defense and National
Armaments Directorate, has options for a further three vessels as
well as infrastructural upgrades for naval bases in Augusta,
Cagliari and Messina.
Fincantieri and Leonardo respectively hold 51% and 49% stakes in
the joint venture.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
July 31, 2023 13:25 ET (17:25 GMT)
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