Fincantieri, PGZ Join Forces for Modernization of Polish Navy
Italian shipbuilder Fincantieri and Polska Grupa Zbrojeniowa (PGZ), Polish state-owned defense group, have signed a memorandum of understanding (MoU) to co-operate on the modernization of Polish Navy and explore opportunities in wider naval defense market.The MoU establishes a framework for strategic collaboration aimed at supporting the modernization of the Polish Navy, with a particular focus on the ORKA submarine acquisition program.Under the agreement, Fincantieri and PGZ will explore joint opportunities in the design, construction, and through-life support of advanced naval platforms, including
Fincantieri Embarks on Research Project to Protect Subsea Cables and Pipelines
The Fincantieri Foundation and Luiss Guido Carli University have launched a research initiative aimed at defining regulatory frameworks and developing operational solutions to protect subsea cables and pipelines.The project, dubbed SUBCAP - SUBsea CAbles Protection, will promote multilevel, multidisciplinary legal research to establish a regulatory framework for the protection of critical subsea infrastructure.It will be carried out by the Luiss research center “Law and Governance: Compliance, Security and Sustainability,” chaired by Professor Paola Severino.The project aligns with Fincantie
Fincantieri Presents Underwater Segment, Revenue Expected to Reach 920 Million in 2027
During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%. Forecast results for 2025 and 2026 confirm the strength of this trend, with respective revenue projected at around USD$741 million
Fincantieri Invests in Deep Tech Scale-Up for Naval and Submarine Sector
Fincantieri has formalized its investment in WSense, a deep tech scale-up specialized in underwater monitoring and communication.The transaction involves the subscription of a convertible loan for an initial amount of $2.84 million, with the option to increase the investment by a further $2.84 million.The timescales for the conversion into equity will be contingent upon the occurrence of specific conditions typical of similar transactions.The completion of the investment in WSense is subject to the fulfillment of certain conditions agreed upon by the parties, in addition to obtaining the authorizations
Fincantieri, Edge ink deal to Develop Underwater Solutions
Fincantieri and Edge sign a MoU to develop underwater solutions through the MAESTRAL joint venture. The MAESTRAL JV will be in charge of the design, development and construction of underwater systemsThe official signing took place in Rome, as part of the state visit to Italy by the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan.Fincantieri, one of the world's leading groups in highly complex shipbuilding, and EDGE, one of the world's leading advanced technology and defense groups, today announced the signing of a new Memorandum of Understanding (MoU)
EDGE and Fincantieri Deepen Partnership for Underwater Protection Solutions
EDGE and Fincantieri have signed a new memorandum of understanding (MoU), deepening their cooperation through joint venture Maestral, which will be focused on the design, development and creation of unmanned systems for critical underwater infrastructure protection and seabed mapping, next-generation submarines, drone-carrier ships, and lightweight torpedoes.The MoU is based on both companies collaborating to develop underwater technologies, supporting the United Arab Emirates (UAE) in becoming a regional pioneer in underwater technology innovation.The agreement comes amidst a rapidly evolving landscape
Fincantieri Acquires Leonardo's Armaments Business
Fincantieri has finalized the acquisition of Leonardo S.p.A.'s Underwater Armaments & Systems business line through the purchase of the entire share capital of the newly established company WASS Submarine Systems.The transaction reinforces Fincantieri Group's strategy focused on growth in the naval defence business and the development of the underwater domain.With this acquisition Fincantieri integrates unique expertise in underwater acoustic technologies and advanced weapons systems that open new prospects for growth in the military and civilian sectors, with a focus on critical infrastruct
Fincantieri, Sparkle Join Forces for Subsea Cables Protection
Italian shipbuilder Fincantieri and services provider Sparkle have signed a memorandum of understanding (MoU) to collaborate on the development of technological solutions for the surveillance and protection of subsea telecommunications cables.Through shared and specialized work teams, Fincantieri and Sparkle will analyze the requirements for improving the security of subsea telecommunications infrastructures, identifying innovative technologies and solutions to ensure their operational resilience.Fincantieri, with its expertise in the underwater domain, is developing advanced solutions for surveillance
EDGE and Fincantieri Join Forces to Develop Advanced Subsea Defense Systems
EDGE and Fincantieri have signed a memorandum of understanding (MoU) to collaborate on the design, development, and creation of advanced manned and unmanned underwater systems solution capability through their recently launched UAE-based shipbuilding joint venture MAESTRAL.The preliminary agreement will pave the way and boost for developing sophisticated solutions tailored to the unique underwater needs of navies worldwide.The collaboration marks EDGE’s first venture into underwater domain, enabling both organizations to share expertise and leverage extensive technical and production resources
August 2025
