France and Italy sign naval agreement
France and Italy have signed an intergovernmental agreement that reaffirms support for the Naviris joint venture.
Naviris is a 50/50 joint venture of France’s Naval Group and Italy’s Fincantieri, established in January 2020.
The organisation will manage naval projects, including mid-term modernisation of the Franco-Italian Horizon class frigates, common R&D, export opportunities and the development of a European Patrol Corvette.
The newly signed agreement renders the long term alliance launched by these two industrial groups fully operational.
Hervé Guillou and Giuseppe Bono, CEOs of Naval Group and Fincantieri respectively, said: ‘We welcome this intergovernmental agreement, which reinforces our joint-venture Naviris. We are delighted to be able to count on the support of both the Italian and French governments together with the Navies of our two countries to carry out our mission effectively.’
Related Equipment in Defence Insight
More from Naval Warfare
-
![UK and US marines train to guard nuclear deterrent submarines]()
UK and US marines train to guard nuclear deterrent submarines
The Autumn round of Tartan Eagle training just concluded in Scotland.
-
![Saab and Singapore DSTA expand their understanding on undersea defence]()
Saab and Singapore DSTA expand their understanding on undersea defence
The organisations have broadened the remit of an existing MoU to help boost underwater defence innovation.
-
![Norway invites four nations to talk partnerships over new frigates]()
Norway invites four nations to talk partnerships over new frigates
The US, the UK, France and Germany each have existing frigate programmes.
