Fincantieri’s WASS and Magellan Partner on Canadian Underwater Defense
Fincantieri's subsidiary WASS Submarine Systems and Magellan Aerospace Corporation have signed a memorandum of understanding to explore industrial cooperation aimed at supporting Canada's underwater defense capabilities.The agreement establishes a framework for the two companies to identify and develop areas of cooperation related to heavyweight torpedoes and torpedo countermeasure systems.Under the arrangement, WASS and Magellan will assess opportunities for Canadian industrial participation across a range of activities, including component production, energetic sections, subassemblies
Saildrone Introduces High-Endurance Anti-Submarine and Strike USV
and fill critical capability gaps in the ASW domain.”Ficantieri Marinette Marine will build the aluminum hull form for both variants of Saildrone Spectre at its Wisconsin system of shipyards, which has the capacity to build five Spectre vessels per year. A staple shipyard for the US Navy, Fincantieri’s experience and established workforce make it an ideal partner to meet customer demand for Saildrone’s newest platform. Construction will begin shortly, with the first vessel undergoing sea trials in early 2027.The 43-meter (140-foot) composite Saildrone Wing will be manufactured
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.
February 2026
