# European Patrol Corvette program enters EPC2 phase > Developing situation record from CLSTR: https://clstr.news/situations/european-patrol-corvette-development > Updated: 2026-11-06T18:21:43.000Z. Sources: 9. Developments: 3. The European Patrol Corvette (EPC) program, also known as the Multi Modular Patrol Corvette (MMPC), has transitioned into its second phase, referred to as Call 2, Stage 2, or EPC2. This phase focuses on advancing detailed design, technology integration, and the development of two prototypes: the Full Combat Multipurpose (FCM) version and the Long Range Multipurpose (LRM) version. At the Euronaval 2026 exhibition in Paris, Fincantieri, Navantia, and Naval Group entered a consortium agreement to initiate this EPC2 phase. This stage marks a shift from initial design and technological development toward industrialization and detailed design for a new generation of modular, multirole patrol corvettes. The program is coordinated by OCCAR and supported by the European Defence Fund to enhance European strategic autonomy and maritime security. In a parallel development, Fincantieri and Navantia 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. This joint venture is designed as an operational entity rather than a mere coordination office, aiming to enhance standardization, efficiency, and interoperability among European navies. Originally launched in 2019 by France, Italy, and Greece under the Permanent Structured Cooperation (PESCO) framework, the project has since included Spain and Romania. Greece, through the company HYDRUS, remains interested in the FCM configuration for high-threat environments in the Aegean and Eastern Mediterranean, requiring robust combat systems, anti-aircraft capabilities, and anti-submarine potential. ## Timeline ### 2026-11-06: Fincantieri and Navantia form joint venture for European Patrol Corvette Fincantieri and Navantia have launched a 50/50 joint venture to develop the European Patrol Corvette (EPC) program and pursue global export opportunities. 2 sources. https://clstr.news/cluster/fincantieri-and-navantia-form-joint-venture-for-european-patrol-corvette ### 2026-11-05: European Patrol Corvette project enters second phase The European Patrol Corvette project moves into its second phase to develop combat and long-range multipurpose prototypes, involving several EU nations and industrial partners. 2 sources. https://clstr.news/cluster/european-patrol-corvette-project-enters-second-phase ### 2026-11-04: Fincantieri, Navantia, and Naval Group launch EPC2 program phase Fincantieri, Navantia, and Naval Group have launched the second phase of the European Patrol Corvette program to develop modular naval platforms and strengthen European maritime defense industrial cooperation. 6 sources. https://clstr.news/cluster/navantia-and-fincantieri-form-joint-venture-for-european-patrol-corvette --- Cite as: European Patrol Corvette program enters EPC2 phase. CLSTR, https://clstr.news/situations/european-patrol-corvette-development