Italy and France signed an intergovernmental agreement to reaffirm full support to Naviris, the joint venture between Fincantieri and Naval Group.
This agreement makes the long term alliance launched by these two industrial groups fully operational.
“We welcome this intergovernmental agreement, which reinforces our joint-venture Naviris. We are delighted to be able to count on the support of both the Italian and French governments together with the Navies of our two countries to carry out our mission effectively”, declared Hervé Guillou and Giuseppe Bono, CEOs of Naval Group and Fincantieri respectively.
Naviris was established in January 2020
The joint-venture, owned equally by the two groups, will manage ambitious projects, including mid-term modernization of the Franco-Italian Horizon frigates, common R&D, export opportunities and the development of a European Patrol Corvette.
Naviris paves the way to the consolidation of European naval defence in response to the increasing pressure of worldwide competitors. Through Naviris, Fincantieri and Naval Group are pooling their strengths to develop a new strategic capability and respond in an innovative way to the needs of their customers.
Naviris foresees export and common French-Italians opportunities, such as the first studies for the Mid-Life Upgrade of the French and Italian Horizon-class destroyers, as well as European projects such as the development of the European Patrol Corvette light frigates.
Naval Group and Fincantieri are open to enlarge their cooperation to other European partners in order to make the European naval industry the worldwide leader in product performances and technology innovation.
With more than 25 years of experience in defence publishing, Global Business Press and its industry leading titles Asian Defence Technology, Asian Airlines & Aerospace and Daily News are the leading defence publications in the region, present at more international shows and exhibitions than any other competing publication in the region.