Latest news with #Fincantieri
Reuters
2 days ago
- Business
- Reuters
Fincantieri set to pick Telecom Italia's cybersecurity boss to head defence unit, sources say
ROME, July 18 (Reuters) - Italy's Fincantieri ( opens new tab is poised to appoint Eugenio Santagata, a former army official and top executive at Telecom Italia's ( opens new tab cybersecurity unit Telsy, to head its defence division, two sources familiar with the matter told Reuters. The shipbuilder is working to position its defence business and submarine arm to tap a big rise in European military spending. Only weeks after being confirmed at the helm of the state-controlled company, Chief Executive Pierroberto Folgiero launched a formal search for a successor to Dario Deste, general manager of the naval vessels division who is due to retire on August 31, the sources said. Fincantieri and Telecom Italia (TIM) declined to comment. Santagata has also been TIM's chief public affairs and security officer since 2022 and was a captain in the Italian army. In its search, Fincantieri assessed both internal and external candidates, one of the sources added. Santagata's candidacy is supported by the Italian government, which owns over 70% of Fincantieri's capital, the sources said, speaking on condition of anonymity. In its industrial plan, due to be revised by the end of the year, the shipbuilder has projected the naval division will account for 30% of total revenues in 2027 from 20% in 2024, with increasing profit margins. Analysts expect these forecasts to be improved as geopolitical tensions boost defence spending. "Forecasts are predominantly driven by growth in the Naval segment, supported by a number of export opportunities in Europe, in Saudi Arabia, and the Far East," Mediobanca wrote in a recent report, referring to Fincantieri. The group is also in a position to increase its production capacity quickly given it builds both civil and military ships, Folgiero recently told Italian daily Corriere della Sera.
Associated Press
4 days ago
- Business
- Associated Press
CORRECTING and REPLACING Fincantieri Brings Together Thought Leaders to Discuss U.S. Shipbuilding Renaissance
WASHINGTON--(BUSINESS WIRE)--Jul 16, 2025-- Please replace the release with the following corrected version due to multiple revisions. This press release features multimedia. View the full release here: In his opening remarks at the July 15 Fincantieri event, Pierroberto Folgiero, CEO and Managing Director, Fincantieri, said: 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay. We are not just investing in infrastructure; we are investing in the future of maritime security, industrial innovation, and the skilled workforce that powers it. With a new management team leading our U.S. operations, we are accelerating our commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities.' The updated release reads: FINCANTIERI BRINGS TOGETHER THOUGHT LEADERS TO DISCUSS U.S. SHIPBUILDING RENAISSANCE Fincantieri, the global leader in high-complexity shipbuilding, hosted 'FULL SPEED AHEAD: The U.S. Shipbuilding Renaissance' yesterday in Washington, D.C., bringing together senior voices from government, industry, and the national security community to examine the strategic future of American maritime power. The event opened with remarks from George Moutafis, newly appointed CEO of Fincantieri Marine Group (FMG), and Jan Allman, CEO of Fincantieri Marinette Marine, who reaffirmed the company's long-term commitment to the United States through its unique 'System of Shipyards' across Wisconsin. This advanced industrial network—operating in Marinette, Sturgeon Bay, Green Bay and Florida —employs more than 3,000 people and stands as a cornerstone of Midwest manufacturing resurgence. Moderated by Vice Adm. Rick Hunt, President of FMM, the expert panel featured Dr. CynthiaCooke (Center for Strategic and International Studies), Hon. Russell Rumbaugh (Atlantic Council), and Dr. Stacie Pettyjohn (Center for a New American Security). The discussion focused on the evolving defense-industrial landscape and how the U.S. can rebuild a resilient, sovereign shipbuilding base. Closing the event, Pierroberto Folgiero, CEO and Managing Director of Fincantieri, stated: 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay. We are not just investing in infrastructure; we are investing in the future of maritime security, industrial innovation, and the skilled workforce that powers it. With a new management team leading our U.S. operations, we are accelerating our commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities.' Looking ahead, Fincantieri is focused on strengthening every dimension of its U.S. presence. The company is accelerating the integration of artificial intelligence and advanced robotics across its operations, transforming production processes to deliver mission-driven platforms with greater efficiency and reliability. By digitalizing its shipyards and leveraging data-driven solutions, Fincantieri is setting new standards in industrial performance. With more than $800 million invested in U.S. facilities and over 900 suppliers across 43 states, Fincantieri brings to the table a proven industrial model, a resilient supply chain, and an experienced workforce of over 3,000 employees in Wisconsin. Leveraging its global expertise and advanced capabilities, Fincantieri stands ready to support the United States in strengthening its shipbuilding industrial base—through innovation, execution excellence, and long-term strategic partnership. * * * View source version on CONTACT: FINCANTIERI Press Office Tel. +39 040 3192111 [email protected] Relations Tel. +39 040 3192111 [email protected] KEYWORD: UNITED STATES NORTH AMERICA DISTRICT OF COLUMBIA INDUSTRY KEYWORD: OTHER MANUFACTURING MARITIME TRANSPORT OIL/GAS MILITARY MANUFACTURING ENERGY TRANSPORTATION DEFENSE TRAVEL SOURCE: Fincantieri Copyright Business Wire 2025. PUB: 07/16/2025 01:19 PM/DISC: 07/16/2025 01:19 PM
Business Wire
4 days ago
- Business
- Business Wire
Fincantieri Brings Together Thought Leaders to Discuss U.S. Shipbuilding Renaissance
WASHINGTON--(BUSINESS WIRE)--Fincantieri, the global leader in high-complexity shipbuilding, hosted 'FULL SPEED AHEAD: The U.S. Shipbuilding Renaissance' yesterday in Washington, D.C., bringing together senior voices from government, industry, and the national security community to examine the strategic future of American maritime power. 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay." Share The event opened with remarks from George Moutafis, newly appointed CEO of Fincantieri Marine Group (FMG), and Jan Allman, CEO of Fincantieri Marinette Marine, who reaffirmed the company's long-term commitment to the United States through its unique 'System of Shipyards' across Wisconsin. This advanced industrial network—operating in Marinette, Sturgeon Bay, Green Bay and Florida —employs more than 3,000 people and stands as a cornerstone of Midwest manufacturing resurgence. Moderated by Vice Adm. Rick Hunt, President of FMG, the expert panel featured Dr. Cynthia Cook (Center for Strategic and International Studies), Hon. Russell Rumbaugh (Atlantic Council), and Dr. Stacie Pettyjohn (Center for a New American Security). The discussion focused on the evolving defense-industrial landscape and how the U.S. can rebuild a resilient, sovereign shipbuilding base. Closing the event, Pierroberto Folgiero, CEO and Managing Director of Fincantieri, stated: 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay. We are not just investing in infrastructure; we are investing in the future of maritime security, industrial innovation, and the skilled workforce that powers it. With a new management team leading our U.S. operations, we are accelerating our commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities.' Looking ahead, Fincantieri is focused on strengthening every dimension of its U.S. presence. The company is advancing innovation across its operations to deliver mission-driven platforms and digitalized shipyards. It is also expanding its supplier base to ensure long-term industrial sustainability while investing in the training and upskilling of the next generation of American shipbuilders. The company's Sustainable Shipyards™ model is setting a new standard for environmental and operational excellence, making shipbuilding not only stronger, but cleaner and more future-ready. With more than $800 million invested in U.S. facilities and over 900 suppliers across 43 states, Fincantieri brings to the table a proven industrial model, a resilient supply chain, and an experienced workforce of over 3,000 employees in Wisconsin. Leveraging its global expertise and advanced capabilities, Fincantieri stands ready to support the United States in strengthening its shipbuilding industrial base—through innovation, execution excellence, and long-term strategic partnership. Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing over 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with over 22,000 employees.
The Independent
5 days ago
- Business
- The Independent
First look at Explora Journeys' €3.5bn cruise ship expansion
The third cruise ship in Explora Journeys' growing fleet is getting closer to launch after it had its float-out ceremony this week. It forms part of a €3.5bn (£3.04bn) investment by the MSC-owned luxury cruise line to expand Explora Journeys' upmarket ships, boosting choice for passengers. Explora III is set to launch in 2026, joining sister ships Explora I and Explora II. The vessel touched water for the first time during a float out at the Fincantieri shipyard in Genoa on Monday. Its maiden seven-night voyage is scheduled for 3 August 2026 from Barcelona to Lisbon, with prices starting at £5,300 per person. The ship will sail around the Mediterranean as well as to the Norwegian fjords from Southampton in August and September 2026. Two more Explora Journeys ships are also being built at the shipyard, creating a triple celebration. Explora IV had its coin ceremony – where coins are put under the keel of a newly built ship for good luck – on Monday, and there was a steel cutting for Explora V to mark the start of its construction. The aim is for Explora IV and Explora V to join the fleet in 2027, while Explora VI is due to launch in 2028. Explora IV's maiden voyage is on 15 April 2027, an eight-night sailing from Genoa to Portugal. Prices start at £4,450 per person. The vessel will also operate itineraries to Copenhagen and Iceland. Similar to Explora I and II, the new ships will have capacity for around 900 guests but will have space for 463 suites instead of 461 and a higher gross tonnage of 72,810 (compared with 63,900 in the current fleet). There will still be five heated pools, six restaurants and 12 bars and lounges with a guest per host ratio of 1.25 to 1. Further details are yet to be revealed for Explora V and VI, but they are expected to be the same size as the new vessels. Anna Nash, president of Explora Journeys, said: "This triple celebration reflects the strength of our vision and the power of collaboration between our team, our partners at Fincantieri, and the unwavering support of the Aponte-Vago family. 'Guided by our values of care, respect, and excellence, we are not just building ships - we are creating a legacy of transformative journeys that will endure for generations to come."
The Sun
5 days ago
- Business
- The Sun
Third batch LMS acquisition to be finalised after 13MP tabling
KUALA LUMPUR: The acquisition of the third batch of littoral mission ships (LMS) for the Royal Malaysian Navy (RMN) will only be finalised after the tabling of the 13th Malaysia Plan (13MP) later this month. Defence Minister Datuk Seri Mohamed Khaled Nordin clarified this amid speculation following Prime Minister Datuk Seri Anwar Ibrahim's recent discussions in Italy. Mohamed Khaled stated that all new defence procurements, including the LMS, will be confirmed post-13MP. He highlighted that during Anwar's visits to Italy and France, potential credit facilities were discussed should Malaysia proceed with procurement involving assets from these nations. On July 2, Anwar met with leaders of Italian defence firms Fincantieri, Leonardo, and ENI, resulting in potential RM8.13 billion investments. The discussions also covered bilateral cooperation in defence and energy sectors. In June last year, the Defence Ministry awarded a Letter of Acceptance (LOA) to Turkish firm Savunma Teknolojileri Muhendislik (STM) for three second-batch LMS vessels. These Ada-class corvettes are multirole, capable of patrols and anti-submarine warfare (ASW), and equipped with ATMACA missiles and air defence systems. Each vessel supports 111 crew members and includes a helipad for ASW helicopters or drones. Malaysia previously acquired four first-batch LMS vessels from China for over RM1 billion, which have been operational since 2020. - Bernama
