Leonardo, Fincanteri revamp joint venture, aiming to trim frigate build time by 18 months

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Leonardo, Fincanteri revamp joint venture, aiming to trim frigate build time by 18 months

AI Summary

Leonardo and Fincantieri are restructuring their joint venture, Orrizonte Sistemi Navali, to reduce frigate production time by 18 months. The effort centers on improving the pace of naval shipbuilding.

Fincantieri CEO Pierroberto Folgiero said his company’s joint venture with Leonardo, the Orrizonte Sistemi Navali, now aims to cut down frigate production time by 18 months.

Security Markets Deals Shipping Leonardo Fincantieri joint venture frigates naval shipbuilding production timeline

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