France and Italy sign naval agreement
France and Italy have signed an intergovernmental agreement that reaffirms support for the Naviris joint venture.
Naviris is a 50/50 joint venture of France’s Naval Group and Italy’s Fincantieri, established in January 2020.
The organisation will manage naval projects, including mid-term modernisation of the Franco-Italian Horizon class frigates, common R&D, export opportunities and the development of a European Patrol Corvette.
The newly signed agreement renders the long term alliance launched by these two industrial groups fully operational.
Hervé Guillou and Giuseppe Bono, CEOs of Naval Group and Fincantieri respectively, said: ‘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.’
Related Equipment in Defence Insight
You may also like
More from Naval Warfare
-
![RTX Raytheon advances with the development of new Barracuda mine neutraliser]()
RTX Raytheon advances with the development of new Barracuda mine neutraliser
The new Barracuda version has been engineered to perform enhanced subsea and seabed warfare missions.
-
![US Coast Guard to receive the largest single acquisition funding in its history]()
US Coast Guard to receive the largest single acquisition funding in its history
The nearly $25 billion investment will cover USCG procurement of cutters, aircraft, helicopters, training simulators and Polar capabilities over the next four years.
-
![US Coast Guard enhances Arctic protection with a new Fast Response Cutter]()
US Coast Guard enhances Arctic protection with a new Fast Response Cutter
After commissioning, FRC Frederick Mann will operate in Alaska and perform multiple missions.
-
![US Coast Guard announces measures to further implement Force Design 2028 strategy]()
US Coast Guard announces measures to further implement Force Design 2028 strategy
The US Coast Guard (USCG) created new units, including five Programme Executive Offices (PEOs), to facilitate and speed up the procurement of new capabilities.
-
![Future of the US Navy’s Arleigh Burke programme remains unclear]()
Future of the US Navy’s Arleigh Burke programme remains unclear
The US Navy does not have a precise date for the award of the procurement contract for the third Arleigh Burke-class destroyer despite having the funds to advance with the programme in FY2025.
-
![US Navy may look to foreign suppliers to accelerate shipbuilding programmes]()
US Navy may look to foreign suppliers to accelerate shipbuilding programmes
The US Navy (USN) is currently reassessing its acquisition efforts and seeking ways to reduce the multiple delays across the shipbuilding initiatives.
