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Fincantieri And UAE Expand Naval Collaboration To Underwater Systems

Rich Abott By
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Fincantieri And UAE Expand Naval Collaboration To Underwater Systems
Left to right at the table: Italy’s Fincantieri CEO and Managing Director Pierroberto Folgiero signed a Memorandum of Understanding with UAE’s EDGE Managing Director and CEO Hamad Al Marar to jointly design, develop and build underwater systems via their MAESTRAL joint venture in the UAE. (Photo: EDGE Group)

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…

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