Fincantieri and Navantia form joint venture for European Patrol Corvette

During Euronaval 2026 in Paris, Fincantieri and Navantia signed a cooperation agreement to establish a joint venture focused on the European Patrol Corvette (EPC) program and international export opportunities. The two companies will each hold a 50% stake in the venture, which is designed as an operational entity rather than a mere coordination office.

The joint venture will manage industrial and commercial activities, including design coordination, common naval component acquisition, co-production, and life-cycle support. The goal is to enhance standardization, efficiency, and interoperability among European navies. The companies also intend to involve other European partners, such as Naval Group, to integrate national EPC programs.