Fincantieri and Finmeccanica signed a memorandum of understanding for naval vessels sector during the launching ceremony of Fincantieri’s “Pietro Venuti” submarine, the companies said in a joint statement Thursday.
The submarine is the third unit of the four U212A “Todaro” class twin units ordered by the Central Unit for Naval Armament NAVARM for the Italian Navy.
The agreement for naval vessels sector was signed aiming at increasing competitiveness on national and international markets. The collaboration will develop taking advantage of the technical and commercial synergies between the Naval Vessels Business Unit in Fincantieri and Finmeccanica Group companies, benefitting from their knowledge in combat naval systems, electronics and surface and underwater warfare systems, the statement said.
This agreement also envisages collaboration on research and innovation activities, to maximize market positioning and to rationalize investments, even through the promotion of joint studies in the common sectors.
Finmeccanica plans to restore ties with India after an Italian court acquitted former CEO Giuseppe Orsi and former CEO of AgustaWestland Bruno Spagnolini of alleged bribery charges. “The verdict will allow us to reopen dialogue with Indian institutions, which was interrupted as a result of the investigations linked to supply of 12 AW101 VVIP helicopters to the Indian MoD,” the CEO and General Manager of Finmeccanica Mauro Moretti said in a statement
Former CEO of Finmeccanica, Giuseppe Orsi and former CEO of AgustaWestland Bruno Spagnolini have been sentenced to two years in prison in the Indian VVIP helicopter deal scam. The duo have been found guilty of false invoicing and have been acquitted of alleged bribery charges
Finmeccanica plans to make a comeback in India even if it means paying a penalty for bribery allegations against its subsidiary AgustaWestland in the VVIP chopper deal, Hindustan Times, a national daily reported Monday. Earlier this year, India imposed a partial ban on Finmeccanica and its subsidiaries after scrapping the $606 million deal to buy 12 VVIP helicopters from AgustaWestland
In connection with the judicial proceedings regarding the supply of 12 AW101 VVIP helicopters to the Indian Government, Finmeccanica today said that the judge for pre-trial investigations has decided today to grant the request for monetary measures made by the two Finmeccanica-owned companies AgustaWestland SpA and AgustaWestland Ltd, jointly with the Public Prosecutor. The judge has, in accordance with the said requests, decided to endorse the imposition of an 80,000 Euro fine regarding AgustaWestland SpA and of a 300,000 Euro fine, alongside the confiscation of 7
Finmeccanica today clarified in a statement that it has not received any official communication from any relevant authorities from India regarding the recent media reports on decisions made by the Ministry of Defense pertaining to its existing and future contracts in India. Local media reported Monday that Finmeccanica and its subsidiaries will be allowed to continue doing business in India and will not face blacklisting
Fincantieri and Finmeccanica have won a US$1.2 billion contract for the construction and equipment of one multipurpose amphibious unit for the Italian Navy
Fincantieri, Finmeccanica announced today that they have won a 3.5 billion Euros (US$ 4 billion) contract for the construction of seven ships in the plan to renew Italian Navy fleet
Fincantieri announced Tuesday that it has delivered the frigate Carabiniere within the international Italian-French program to Italian Navy. The frigate is the fourth vessel of the FREMM program Multi Mission European Frigates
Fincantieri in Partnership with Lockheed Martin announced today that its Marinette Marine Corporation (MMC) has won a $232 million modification contract for a Littoral Combat Ship (LCS 21) along with advanced procurement for another ship (LCS 23) for the US Navys Littoral Combat Ship (LCS) program. The contract includes a priced option for one additional ship, LCS 25, to be funded in 2016
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