Italy's Fincantieri Swaps Cruises for Warships in Defense Pivot
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Fincantieri SpA plans to focus some Italian civil and military shipyards on just making warships, in the latest sign that Europe's defense-spending bonanza is reshaping industrial strategy.
The state-controlled shipbuilder is preparing to boost its naval capacity and is weighing the roles of two locations in southern Italy, Chief Executive Officer Pierroberto Folgiero said.
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