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5 clusters · 24 sources · 40 days · First seen · Last updated

Categories: INTERNATIONAL · TECHNOLOGY · BUSINESS

Fincantieri expands underwater champion with submarine boost

Entities: Lithuanian Navy · Fincantieri · Organisation for Joint Armament Cooperation (OCCAR) · Naval Group · Italian Navy (Marina Militare)

Overview

In June 2026 an IDS hackathon produced AI‑driven prototypes for coordinated surface, aerial and underwater vehicles, leading to a licensing deal with Eni for the “Clean Sea” subsea robot. By July 2026 Fincantieri acquired controlling stakes in Next Geosolutions, WSense, Graal Tech and Defcomm, creating a 1,500‑person “underwater pole” in Italy, the UK, the Netherlands, Norway and the UAE. The platform is expected to lift underwater‑business revenue above €1.1 billion in 2026 and add roughly €60 million to profit, supporting a 30 % EPS rise by 2028. CEO Pierroberto Folgiero highlighted its strategic role in protecting critical subsea infrastructure.

The shipbuilder also signed MoUs with Croatian yards Brodotrogir Cruise and Iskra Shipyard to cooperate on Croatia’s Multi‑Role Corvette programme, widening its naval‑defence portfolio.

On 23 July 2026 Fincantieri signed an eighth OCCAR amendment for the U212 NFS submarine programme, worth about €317 million. The deal adds new counter‑measure and anti‑torpedo systems from its WASS unit, upgrades the combat management system and introduces lithium‑ion batteries alongside fuel‑cell propulsion. A two‑year acceleration moves the fourth submarine’s delivery from 2034 to 2032, establishing a cadence of one boat per year from 2029 to 2032. Technical details note a 59‑metre hull, 1,600‑ton submerged displacement and an air‑independent propulsion suite that extends underwater endurance.

A follow‑up announcement on 26 July reiterated the amendment, confirming the added capabilities and the accelerated schedule, underscoring Fincantieri’s commitment to full‑life‑cycle support for Italy’s next‑generation submarines and further integrating high‑tech national components into its underwater portfolio.

Timeline

  1. about 8 hours ago

    [INTERNATIONAL] 2 sources
    Italy signs €317 million Fincantieri submarine contract; France offers Lithuania advanced patrol ships

    Italy's OCCAR‑Fincantieri deal adds €317 m for four U212 NFS submarines, advancing the fourth to 2032; France's Naval Group offers missile‑armed MP‑OPV patrol ships to Lithuania under the Shield Lab programme.

  2. 3 days ago

    [TECHNOLOGY] 3 sources
    Fincantieri accelerates delivery of Italy's U212 NFS submarines to 2032

    Fincantieri and OCCAR signed a €317 million amendment to the U212 NFS submarine programme, adding new counter‑measure tech and logistics support, and moving the fourth boat’s delivery from 2034 to 2032 for the

  3. 18 days ago

    [BUSINESS] 2 sources
    Fincantieri boosts defence with Croatian corvette MoUs and €600 m underwater acquisitions

    Fincantieri signed MoUs with Croatian shipyards for a multi‑role corvette programme and announced €600 m acquisitions of four underwater‑technology firms, creating an integrated subsea services group and broad‑

  4. 21 days ago

    [BUSINESS] 16 sources
    Fincantieri invests €600 million in underwater acquisitions to build champion

    Fincantieri will spend €600 million to acquire four underwater firms, forming an integrated 8‑company platform targeting €1.1 bn revenue by 2026 and boosting defence‑civil subsea capabilities.

  5. about 1 month ago

    [TECHNOLOGY] 2 sources
    Fincantieri drives maritime security with hackathon victory and underwater monitoring partnership

    Fincantieri boosted maritime security by awarding Lares Technologies at its hackathon and by partnering with Eni to licence the Clean Sea underwater monitoring system for offshore inspection and energy‑transit​

Sources

amp.ilgiornale.it · analisidifesa.it · aresdifesa.it · cybersecitalia.it · express.be · formiche.net · gcaptain.com · ilfriuli.it · ilnautilus.it · indomiliter.com · konflikty.pl · lettera43.it · marinelink.com · money.it · oedigital.com · pantanalnews.com.br · reportdifesa.it · seareporter.it · soldionline.it · sports.cn · teleborsa.it · triesteallnews.it · vocealta.it · wallstreetitalia.com