Fincantieri, Navantia, and Naval Group launch EPC2 program phase

At the Euronaval 2026 exhibition in Paris, Fincantieri, Navantia, and Naval Group entered a consortium agreement to initiate the second phase (EPC2) of the European Patrol Corvette program. This phase marks a transition from initial design and technological development toward industrialization and detailed design for a new generation of modular and multirole patrol corvettes (MMPC).

Fincantieri and Navantia also signed a Heads of Agreement to establish a 50/50 joint venture. This entity will serve as a common industrial and commercial platform for their respective national programs and export opportunities, managing activities from functional design engineering to procurement and lifecycle support. The companies intend to invite additional European partners, such as Naval Group, to join the venture.

The EPC program, coordinated by OCCAR and supported by the European Defence Fund, aims to enhance European strategic autonomy and maritime security by developing common naval platforms for EU member states.