Fincantieri, Finmeccanica Win $1.2 Billion Italian Helicopter Landing Dock Contract

  • Our Bureau
  • 11:54 AM, July 2, 2015
  • 3119

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.

Also Read

Fincantieri, Finmeccanica Wins $4 Billion Italian Navy Contract To Construct Seven Patrol

May 7, 2015 @ 09:37 AM

Fincantieri Delivers FREMM Carabiniere To Italian Navy

April 29, 2015 @ 03:39 PM

Fincantieri Wins $232 Million US Navy Littoral Combat Ship Contract

April 17, 2015 @ 04:30 PM

Fincantieri, Finmeccanica Sign Naval Vessels MoU

October 10, 2014 @ 02:52 PM

Fincantieri wins $130 million contract for Fisheries Survey Vessel, US coast guard's

April 26, 2010 @ 12:00 AM

Fincantieri To Upgrade Malta's P61 Offshore Patrol Vessel

January 16, 2017 @ 03:31 PM

South Korean Court Designates Fincantieri As Preferred Bidder For STX France Shipyard

January 3, 2017 @ 01:44 PM

Finmeccanica To Supply Air Surveillance And Defence System To Qatar

July 27, 2015 @ 08:57 AM

Finmeccanica To Sell Ten AW189 Helicopters To Rosneft

July 20, 2015 @ 10:23 AM

Finmeccanica Re-negotiates Five-Year Revolving Credit Facility

July 6, 2015 @ 04:15 PM
FEATURES/INTERVIEWS