Fincantieri, Navantia to Boost Collaboration in European Defence

Fincantieri and Navantia signed a Memorandum of Understanding (MoU) last week in order to boost their relationship and explore the joint benefit of a broadened collaboration in the naval and maritime domains.

Both companies will assess future opportunities for Italian and Spanish Navies, including the development of joint projects and the participation in the development of future destroyers and other naval platforms that will be part of the future European Defence Force.

The signature took place on November 3rd, in Navantia stand in FEINDEF exhibition in Madrid, by General Manager Naval Vessels Division of Fincantieri Giuseppe Giordo and Navantia Chairman Ricardo Domínguez.

Navantia and Fincantieri are already collaborating in the European Patrol Corvette (EPC) program, to date the most important naval initiative within the Permanent Structured Cooperation (PESCO) project, together with the French Naval Group.