
Italy’s Fincantieri on Tuesday signed a memorandum of Understanding (MoU) with the United Arab Emirates’ EDGE Group to expand their cooperative work on naval systems to include underwater systems for international navies. Fincantieri said the Nov. 5 MoU will see the companies collaborate on design, development and creation of manned and unmanned underwater systems capabilities. The agreement will operate via the companies’ MASTRAL joint shipbuilding venture based in Abu Dhabi, UAE. The companies said this preliminary MoU agreement will pave…