Finmeccanica wins €3.5bn deal to supply Italian naval vessels

Adam Hignett
ITALIAN defence giant Finmeccanica confirmed yesterday it had won a €3.5bn (£2.6bn) contract to construct six new patrol vessels for Italy’s navy, with the option of four more.

In addition, the company will supply a logistical support unit and a landing unit as part of the contract, which is being taken on alongside the Fincantieri shipbuilding company. The delivery of the logistic support unit is scheduled for 2019, with the first patrol vessel expected to be delivered in 2021. All remaining patrol vessels are expected to be delivered between 2022 and 2025.

The work is covered by Italy’s so-called Naval Law, which has freed up €5.4bn for fleet renewal, with Fincantieri expected to provide logistical support for 10 years.

Other companies involved in the project include electronic warfare firm Elettronica and MBDA missiles.