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France and Italy agree on naval cooperation

28th September 2017 - 15:07 GMT | by Alice Budge in London

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Following recent tensions between France and Italy, the two governments have launched a joint roadmap to strengthen future naval defence cooperation and sealing the future of the STX France Shipyard.

The cooperative process, announced on 27 September following the French-Italian summit, paves the way for closer relations between the two nations in the naval defence sector. 

A ‘balanced agreement’ has been reached by the governments on the shareholding structure of STX France that will involve both Naval Group and Fincantieri gaining equal shares in the shipyard.

Naval Group and Fincantieri welcomed the decision to create a progressive alliance and will

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Alice Budge

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Alice Budge


  

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