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

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.