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Fincantieri And Naval Group Sail To Naval Joint Venture

Rich Abott By
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Fincantieri And Naval Group Sail To Naval Joint Venture
The French Horizon-class frigate FS Chevalier Paul (D621) (foreground) and U.S. Navy aircraft carrier USS John C. Stennis (CVN-74) (background) transit in the 5th Fleet area of responsibility in February 2013. (Photo: U.S. Navy).

Italy’s Fincantieri and France’s Naval Group said this week they will launch an alliance to incorporate a 50-50 joint venture to compete for European naval competitions.The two companies are owned, via majority shareholders, by each country’s government. During the September 2017 Franco-Italian Summit, the French and Italian governments announced an intention to start discussions to establish a Fincantieri-Naval Group joint venture alliance in September 2017.On Wednesday, the companies said they have worked “intensively” since then and in July submitted an…

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