The defense sector is under water: Maritime investments reflect growing threats
A recent sequence of undersea-focused defense acquisitions is a welcome pivot to a critical warfighting domain, two CSIS experts argue.
EU, Ukraine sign drone deal to fast-track unmanned systems production
Ukrainian President Volodymyr Zelenskyy said that the country is currently producing 10 million drones per year and envisions this number rising to 20 million annually with the help of partners.
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The reasons why Group 2 drones are right-sized for the fight
Fuel cell technology lets smaller, more versatile VTOLs handle tasks previously reserved for larger drones.
Thales acquires Exail Technologies stake as it expands undersea warfare footprint
Italian shipbuilding company Fincantieri also announced today an agreement to acquire four underwater technology firms.
Major Italian shipbuilder Fincantieri exploring nuclear-powered vessels, CEO says
Fincantieri CEO Pierroberto Folgiero also touched on several other topics during a closed-door roundtable, including lessons learned from the war in Ukraine regarding naval drones and the future of a common European patrol corvette.
Fincantieri names new CEO of its American shipmaking arm
Industry veteran George Moutafis will lead the US arm of Fincantieri as the Trump administration contemplates the future of its biggest Navy program, the Constellation-class frigate.
Fincantieri openly eyeing Germany’s TKMS, even if deal not close
"We are at the disposal of the German system as a commercial partner, as an industrial partner, depending on their strategy," said Fincantieri CEO Pierroberto Folgiero.
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Biodefense is force protection: Ready today, prepared for tomorrow
A decorated combat aviator and biotech CEO advocates preparing for novel viral threats before the next crisis.
Norway’s Vard hosts senior officials, argues for Constellation-class designed by ‘our closest ally’
Vard recently hosted a high-level defense ministry tour, but it faces competition from other internationally renowned shipbuilders, including the UK's BAE Systems, France's Naval Group and Damen Group from the Netherlands.
Emirate’s EDGE Group, Italy’s Fincantieri team up for $434M patrol vessel contract
The joint venture, dubbed Maestral, "will be awarded prime rights to non-NATO orders, and a number of strategic orders placed by selected NATO member countries ... ," according to a statement issued by the firm today.
Laser weapons and future tanks: European Defense Fund to spend $1.3B on 54 projects
Development of more novel weapon systems includes the second phase launch of the Tactical Advanced Laser Optical Systems (TALOS) project (TALOS-TWO), designed to support a long term target of developing 100 kilowatt-class laser weapons by 2030.
Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million
Terms of the acquisition include the shipbuilder paying a fixed fee of €300 million ($323 million), and “based on certain growth assumptions,” an additional €115 ($124 million) directly relating to performance of the underwater armaments business this year.
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Defeating modern threats with capable, affordable munitions
L3Harris’ launched effects portfolio comes from a pedigree of proven capabilities and decades of experience.
Fincantieri CEO looks to tap growing undersea market
“Underwater will be what was space 40 years ago,” company CEO Pierroberto Folgiero told Breaking Defense during a recent visit to Washington.
UAE’s EDGE Group and Italian shipbuilder Fincantieri stand up $32 billion JV
EDGE will control 51 percent of the joint venture, giving it the right to produce Fincantierri's ships for the region.
Fincantieri launches modular FCx30 frigate concept, targets Saudi Arabia order
Fincantieri CEO Pierroberto Folgiero told Breaking Defense the modularity approach shortens production time against a general frigate market trend of 40 months, and he “strongly believes” Saudi Arabia stands as a key “addressable market” to secure a future FCx30 sale.
Shipbuilding synergies: OCCAR launches first phase of European Patrol Corvette project
A total budget of €87 million ($92 million) has been allocated for the project’s first phase, split between €60 ($63 million) in European Commission (EC) grants and €27 million ($28 million) from member states Italy, France, Spain, Denmark, Greece and Norway.