FEINDEF: Navantia and Fincantieri sign a MoU to boost their collaboration.

According to a press release published by Navantia on November 2, 2021, the Spanish firm and Fincantieri have reached an agreement on a Memorandum of Understanding (MoU) in order to boost their relationship and explore the joint benefit of a broadened collaboration in the naval and maritime domains.
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Artist rendering of the future European Patrol Corvette (Picture source: Twitter account of Cayroskop)

Both companies, which are first-class reference European shipyards, will assess future opportunities for Italian and Spanish Navies, including the development of joint projects and the participation in the development of future destroyers and other naval platforms that will be part of the future European Defence Force.

The signature will take place this Wednesday, November 3rd, in Navantia stand in FEINDEF exhibition in Madrid, by General Manager Naval Vessels Division of Fincantieri Giuseppe Giordo and Navantia Chairman Ricardo Domínguez.

Navantia and Fincantieri are already collaborating in the European Patrol Corvette (EPC) program, to date the most important naval initiative within the Permanent Structured Cooperation (PESCO) project, together with the French Naval Group.

European Patrol Corvette (EPC or PPX) is a Permanent Structured Cooperation (PESCO) project that was adopted by the European Council on 12 November 2019. The objective is to design and develop a new class of warship. The project is coordinated by Italy, with France, Spain and Greece participating and Portugal as an observer. The ships will have a conventional hull of different dimensions, armament and propulsion systems.