Fincantieri and Leonardo’s Orizzonte Sistemi Navali joint venture signed an approximately €3.7 billion contract to supply two next-generation DDX destroyers to the Italian Navy.
European procurement agency OCCAR awarded the contract, which includes about €1.3 billion in options. Fincantieri’s share is roughly €1.8 billion and Leonardo’s about €1.7 billion.
Delivery of the two vessels is scheduled for 2033 and 2035. Fincantieri owns 51% of the joint venture and Leonardo 49%.
This is an original summary, not a republication of the full report.
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