France and Italy agree on naval cooperation
Following recent tensions between France and Italy, the two governments have launched a joint roadmap to strengthen future naval defence cooperation and sealing the future of the STX France Shipyard.
The cooperative process, announced on 27 September following the French-Italian summit, paves the way for closer relations between the two nations in the naval defence sector.
A ‘balanced agreement’ has been reached by the governments on the shareholding structure of STX France that will involve both Naval Group and Fincantieri gaining equal shares in the shipyard.
Naval Group and Fincantieri welcomed the decision to create a progressive alliance and will
Already have an account? Log in
Want to keep reading this article?
Read this Article
Get access to this article with a Free Basic Account
- Original curated content, daily across air, land and naval domains
- 2 free stories per week
- Daily news round-up email service
- Access to all Decisive Edge email newsletters
Unlimited Access
Access to all our premium news as a Premium News 365 Member. Corporate subscriptions available.
- Original curated content, daily across air, land and naval domains
- 14-day free trial (cancel at any time)
- Unlimited access to all published premium news
More from Naval Warfare
-
![HII revenues down in 2024, but Mission Technologies arm blooms]()
HII revenues down in 2024, but Mission Technologies arm blooms
The shipbuilder has been dealing with a pre-Covid 19 backlog as well as winning new business.
-
![Egypt wins $625 million US deal to modernise its Ambassador IV fast-attack ships]()
Egypt wins $625 million US deal to modernise its Ambassador IV fast-attack ships
The State Department said the sale will increase the Egyptian Navy's tactical capabilities.
-
![US Navy seeks the best combinations of crewed vessels with commercial UAVs and USVs]()
US Navy seeks the best combinations of crewed vessels with commercial UAVs and USVs
The service will conduct Operation Southern Spear to identify the most appropriate manned/unmanned formations for domain awareness and counternarcotics operations.
-
![Lockheed Martin wins contract to build the Trident II D5 Life Extension missile]()
Lockheed Martin wins contract to build the Trident II D5 Life Extension missile
The company will also invest in new production facilities to service the ongoing need for the D5LE2.
