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.
In the total value, Fincantieri shared approximately US$945 million and Finmeccanica US$302 million. The delivery of the unit is scheduled in 2022, the companies jointly announced Wednesday.
The contract with the consortium, consisting of Fincantieri, agent, and Finmeccanica, through its subsidiary Selex ES, principal, was signed on behalf of the Ministry of Defence by the Central Unit for Naval Armament (NAVARM) of the General Secretariat.
The consortium (RTI) was established in accordance with the tight cooperation agreement in the field of naval vessels construction signed between Fincantieri and Finmeccanica last October.
According to the agreement, Fincantieri acts as a sole interface to the client, while at the same time allowing for enhancing Finmeccanica’s products range in the naval field and the technical and commercial synergies between the two largest national groups in the naval field.
In general, this multi-year programme for the renewal of the Navy’s fleet (known as the “Defence Act”) employs a total funding of US$5.9 billion.
In addition to the multipurpose amphibious unit, the navy foresees the construction of six patrol vessels, with four more in option, and one logistic support unit.
Fincantieri, Finmeccanica announced today that they have won a 3.5 billion Euros (US$ 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
Fincantieri and Finmeccanica signed a memorandum of understanding for naval vessels sector during the launching ceremony of Fincantieris “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
Marinette Marine Corporation (MMC), Fincantieri’s American subsidiary, has been awarded two orders in the USA worth over 130 million dollars: a $73 million contract from the NOAA (National Oceanic and Atmospheric Administration) for a Fisheries Survey Vessel (FSV) and a $63 million contract for 30 boats for the US Coast Guard. The research vessel is funded under the American Recovery and Reinvestment Act within the framework of a program to replace outdated vessels with cutting edge ships
Fincantieri shipbuilding groups has won a contract from the Armed Forces of Malta for the upgrading of P61, an Offshore Patrol Vessel, built by Fincantieri over 10 years ago. The contract was signed by Brigadier Jeffrey Curmi, Commander of the Armed Forces of Malta, and Gian Battista Corbetta, Head of Maintenance, Refitting Overhaul & Conversion of Fincantieris Naval Services Business Unit
Fincantieri has been designated as the preferred bidder for South Korean STX Shipbuildings French unit by a South Korean court. Fincantieri would now conduct field research on the shipyard and agree a price with the South Korean firm before signing a deal for its 66
Finmeccanica-Selex ES has won a contract from Qatar to supply “Low level radar” system to safeguard the airspace of the nations Armed Forces. The system is a composition of a network of KRONOS radars and associated command and control centres, the company announced today
Finmeccanica has won a $173.6 million contract to sell ten AW189 commercial helicopters to RN-Aircraft
Finmeccanica has renegotiated the five-year revolving credit Facility that envisages the payment of a spread of 100bp above Euribor, 80bp less than the previous conditions. The size was also reduced to 2 billion euro, compared to the former 2
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