Fincantieri acquires Leonardo underwater business
The underwater domain was set to become increasingly relevant for military and security issues. (Photo: Leonardo)
Fincantieri will acquire the technologies related to Leonardo’s torpedo production as well as the control of Italy’s underwater acoustic technologies
Fincantieri has signed an agreement to acquire the Underwater Armament Systems business line from Leonardo.
The company said the acquisition aligned with its strategy to expand as a technology integrator in the underwater and naval defence sectors.
Under the agreement, Fincantieri will not only acquire the technologies related to torpedo production but also the control of Italy’s underwater acoustic technologies, which, the company claimed, will be fundamental in its growth strategy in the underwater sector.
The acquisition, valued at €300 million (US$323 million) was expected to be finalised at the beginning of 2025. The agreement also included a maximum of €115 million as a variable component based on certain growth assumptions linked to the performance of the business line in 2024.
The underwater domain was set to become increasingly relevant for military and security issues concerning critical subsea infrastructures such as gas pipelines, cables for telecommunications and electrical transmission, according to Fincantieri.
More from Naval Warfare
-
![US Navy to accelerate the replenishment of SM-6 stocks as demand continues to surge]()
US Navy to accelerate the replenishment of SM-6 stocks as demand continues to surge
The Naval Sea Systems Command exercised a US$335 million modification to a contract with RTX Raytheon to support increasing the production of Standard Missiles 6 by 2030. Shephard spoke with the company president about how the company has scaled to meet demand.
-
![How the Hormuz mine threat exposes potential Baltic MCM shortfalls]()
How the Hormuz mine threat exposes potential Baltic MCM shortfalls
Ageing Baltic vessels and an absence of active minehunting vessel programmes in the region have been put under the spotlight in the recent conflict.
-
![“We must end the mentality of ever larger platforms”: Why USVs are scaling]()
“We must end the mentality of ever larger platforms”: Why USVs are scaling
Multiple USV programme milestones announced last week, aligned with a reinforcement of the Royal Navy’s vision for a hybrid fleet, point to innovation-led ambition but also to a structural calculation with resource ceilings that neither London nor Washington can ignore.
