Leonardo, Fincantieri JV wins €3.7 billion deal for two Italian Navy warships
Leonardo, Fincantieri JV wins €3.7 billion deal for two Italian Navy warships ROME, Sept 24 (Reuters) - A joint venture between Fincantieri FCT.MI and Leonardo LDOF.MI has signed a contract with the European procurement agency OCCAR worth around €3.7 billion ($4.21 billion) to supply two new generation DDX destroyers for the Italian Navy.
The contract is worth approximately €1.8 billion to Fincantieri and €1.7 billion to Leonardo, the companies said in a statement on Thursday.
About €1.3 billion of the total contract value consists of options.
Delivery of the two vessels is scheduled for 2033 and 2035.
Fincantieri owns 51% and Leonardo 49% of Orizzonte Sistemi Navali (OSN), the joint venture that won the contract.
"With these two new-generation units, the (Italian Navy) will be able to rely on naval platforms offering advanced operational performance and capable of addressing a broad spectrum of threats," Leonardo CEO Lorenzo Mariani said.
($1 = 0.8797 euros)
(Writing by Francesca Piscioneri, editing by Alvise Armellini)
((francesca.piscioneri@thomsonreuters.com; 0680307713;))
Recent news on Leonardo
See all newsLeonardo has won 3.7-billion-euro contracts with Italian army, MF daily says
Italy - Factors to watch on October 15
EU Commission clears Leonardo acquisition of Iveco's defence unit
Brief: Leonardo Changes Board Meeting To Approve Nine Months 2026 Results To November 4, 2026
Europe still divided on buying locally for defence, MBDA CEO says (updated)