Back to news

September 17, 2018 | International, Naval

Fincantieri, Leonardo, tussle over acquisition ahead of French tie-up

By:

ROME — Italy's two state-controlled defense champions, Leonardo and Fincantieri, have fought an unusual battle over the acquisition of a smaller company as they jockey for position ahead of their expected integration of naval work with French industry.

Shipyard Fincantieri thought it had sewn up the purchase of Italian firm Vitrociset in August, only for Leonardo to snatch it from under its nose on Sept. 7, leaving the Italian government to step in to mediate.

The tussle between two firms that both answer to the Italian state and closely cooperate on naval programs around the world is due to new rivalry as both edge toward teaming on naval programs with France's Naval Group.

The Italo-French deal is still being thrashed out, but may see a 10 percent share swap between Naval Group and Fincantieri and joint export campaigns to reduce the fractured nature of the European shipbuilding industry.

The deal automatically involves Leonardo since it provides electronics, guns and radars for Fincantieri's ships. But Leonardo CEO Alessandro Profumo has expressed concerns that regarding ships built or marketed jointly by Fincantieri and the French, his systems may be overlooked in favor of those produced by Thales, which is a shareholder in Naval Group.

Full article: https://www.defensenews.com/industry/2018/09/14/fincantieri-leonardo-tussle-over-acquisition-ahead-of-french-tie-up

On the same subject

  • ICF secures cyber services contract from US Navy

    July 15, 2019 | International, Other Defence

    ICF secures cyber services contract from US Navy

    ICF International has received a contract from the US Navy to provide cyberspace technical, management and professional services. The multiple-award indefinite-delivery, indefinite-quantity (IDIQ) contract is with the Navy Information Warfare Center Pacific (NIWC Pacific). With a potential ceiling value of $800m, the seven-year contract includes a base period of three years and two two-year options. The base period has a ceiling of $330m. ICF cyber line of business senior vice-president Jonathan Sholtis said: “We view cyber as an enabler for resilience, one of many domains that affect the security of the entire enterprise. “At ICF, we're focused on providing holistic solutions designed to secure all systems, from IT to people and processes to physical infrastructure, where clients have access to a diverse set of capabilities designed to meet the full scale of diffuse and asymmetric cyber threats.” Under the contract, ICF will provide cyber services to NIWC Pacific and any US Navy client agencies. The range of services will include supporting technology assessments, research and development in cybersecurity, quick prototyping and integration, cybersecurity operations, vulnerability evaluations, and simulation and training. The contract will allow the company to further expand its cyber services offering within the armed services. ICF also provides cyber services support to the Army Research Laboratory (ARL) and the US Air Force's Air Combat Command (ACC). ICF cyber and enterprise resilience business development senior vice-president Baris Yener said: “The navy win is a natural extension of our overall growth strategy: to extend ICF's cyber and resilience capabilities from our work with ARL and ACC to additional defence clients. “We're truly honoured to have been selected by the navy to support its ongoing cyber mission.” https://www.naval-technology.com/news/icf-secures-cyber-services-contract-from-us-navy/

  • The navy is looking at deploying 'ghost fleets' — warships that don't need crews | CBC News

    May 13, 2024 | International, Naval

    The navy is looking at deploying 'ghost fleets' — warships that don't need crews | CBC News

    The Canadian military is weighing how many and what kind of "optionally-crewed" warships it will need in the future as drone technology and artificial intelligence change the face of naval combat, says the commander of the navy.

  •  Hypersonics Test Shows the US Is Catching Up in the New Missile Race

    October 1, 2021 | International, Aerospace

    Hypersonics Test Shows the US Is Catching Up in the New Missile Race

    But questions remain about costs and priorities remain.

All news