Fincantieri Unit WASS Wins $237M Saudi Navy Torpedo Contract
Fincantieri said its subsidiary WASS Submarine Systems has secured a contract worth more than $237 million euros to supply MU90 lightweight torpedoes to the Royal Saudi Naval Force.The agreement, awarded by Saudi Arabia’s Ministry of Defense, represents the largest contract in WASS’s 150-year history and includes the supply of torpedoes and associated logistics support services.Deliveries are scheduled between 2029 and 2030 and will be managed from WASS’s facility in Livorno, Italy.The MU90 torpedo, designed for anti-submarine warfare operations, is currently in service with the
Fincantieri, WSense Partner on Underwater Monitoring Systems
Fincantieri has signed a strategic agreement with Italian deep-tech company WSense to jointly develop and commercialize advanced wireless technologies for underwater applications, strengthening the shipbuilder’s position in subsea monitoring and protection systems.The agreement covers both the co-development of wireless underwater communication solutions and a commercial framework for deploying the technology in environmental monitoring and infrastructure integrity applications through Fincantieri Infrastructure.Under the partnership, Fincantieri will integrate WSense’s wireless technologies
Fincantieri Launches Italian Navy’s Hydro-Oceanographic Ship
Fincantieri has launched Italian Navy’s newly built hydro-oceanographic ship (N.I.O.M.) Quirinale at its integrated shipyard in Riva Trigoso, marking a milestone in Italy’s maritime research and monitoring capabilities.The vessel, designated N.I.O.M. Quirinale, has been designed to support scientific mapping and monitoring activities and will operate in support of the Italian Navy Hydrographic Institute, the state authority responsible for producing official national nautical documentation.Measuring approximately 110 meters in length with a displacement of around 6,000 tonnes, Quirinale
Vard to Build Four New Multi-Purpose Robotic Vessels for Ocean Infinity
Vard, the Norwegian subsidiary of the Fincantieri Group, has signed a new contract with existing customer Ocean Infinity for the design and construction of four Multi-Purpose Robotic Vessels (MPVs).The contract, whose value exceeds $230 million (€200 million), also includes a comprehensive scope of supply from Vard Electro, which will deliver the full suite of SeaQ systems for remote operations.Also, Vard Interiors, responsible for the complete interior solutions, will combine innovative design with energy-efficient systems to ensure crew comfort and operational excellence.Seaonics will provide
Fincantieri’s WASS Bags $235M Torpedo Order from Indian Navy
Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The contract, valued at more than $235 million, is the largest ever awarded in WASS’s history and coincides with the company’s 150th anniversary. Deliveries are scheduled between 2028 and 2030, with production to be carried out at WASS’s facility in Livorno, Italy’s national center of excellence for underwater systems.The Black Shark Advanced torpedo is
Fincantieri's WASS Snags Torpedo Deal
Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine fleet.“This agreement represents a strategically important step for Fincantieri in India,” said Pierroberto Folgiero, CEO and General Manager of Fincantieri, noting the country’s growing role as a global naval hub and a key player in maritime security.The contract, valued at more than €200 million, covers the supply of BSA torpedoes
Prysmian, Fincantieri to buy Xtera in Subsea Telecom Cables Push
A Prysmian-led joint venture with Fincantieri has signed an agreement to acquire Xtera Topco Limited, a UK- and US-based provider of turnkey subsea telecom systems, in a move that expands Prysmian’s presence beyond energy cables into subsea telecommunications.The acquisition will be carried out by a joint venture between Prysmian, which will hold an 80% stake, and Fincantieri, which will own the remaining 20%. The deal implies an enterprise value of $65 million and is expected to close in the first quarter of 2026, subject to regulatory approvals.Xtera is being acquired from an affiliate of H.I.G.
Fincantieri, WSense Team to Bring 'IoUT' Tech to Maritime Infrastructure
Fincantieri is advancing its push into high-tech maritime infrastructure through a new agreement with WSense, a fast-growing underwater technology scale-up specializing in subsea communication and environmental monitoring systems. The partnership—signed by Giorgio Bellipanni, CEO of Fincantieri Infrastructure Opere Marittime, and WSense CEO Chiara Petrioli—aims to integrate real-time underwater sensing and Internet of Underwater Things (IoUT) capabilities into major port and coastal projects.Under the collaboration, WSense’s underwater acoustic communication networks and advanced
Fincantieri, NextGeo Shake Hands on USVs for Offshore Energy Sector
Fincantieri, through its subsidiary IDS – Ingegneria dei Sistemi, has signed a memorandum of understanding with Next Geosolutions (NextGeo) to jointly develop unmanned surface vessels (USVs) and related technologies for the oil and gas and renewable energy industries.The partnership aims to advance next-generation autonomous surface platforms optimized for open-sea operations, environmental monitoring, inspection, and offshore infrastructure integrity management.The collaboration will focus on evolving IDS’s Surface Advanced Naval Drone (SAND) project and creating a new USV model designed
February 2026
