Photo credit: Fincantieri S.p.A

Italy´s shipbuilder Fincantieri and Leonardo, a global high-technology company in Aerospace, Defense and Security and Italy’s main industrial company, signed multiple memorandum of understandings (MoUs) with potential new Greek suppliers, setting the basis for defining possible long term business relationships.​

The agreement involves also MBDA Italia Elettronica Group, the whole Italian industrial ecosystem. The event took place in Elefsis, where the Onex Elefsis Shipyards is based. This site is the cornerstone of the strategy of Fincantieri if the Group, as prime contractor, will be awarded the program of the Hellenic Navy corvettes pursued by the Hellenic Minister of National Defence.

The collaboration is a further step in the empowerment of the Greek defence production, and this agreement comes after the deal between Fincantieri and the Greek Onex Shipyards and Technologies Group last December, for the creation of a corvettes manufacturing line and their life-cycle support base, that will be located at Onex Naval and Maritime Elefsis Shipyards, in Greece.

The agreement provides the terms of collaboration for the construction of “2+1 state-of-the-art technology”, as the company characterises it, and top-standard corvettes at Onex Elefsis Shipyards along with the necessary upgrades, improvements, know-how and transfer of technology, equipment, which are estimated at approximately euro 80 millions. It is expected to generate the creation of 2.500 direct and indirect new jobs in the shipbuilding industry.

The deal constitutes a cooperation with multiple benefits for the Greek economy and defence sector, while enhancing the prospect of further cooperation between the two Groups in future construction programs of warships and commercial ships, as Fincantieri claims.