in ,

Fincantieri to Team Up with Australia-Based Companies for Navy Frigate Production Bid

Fincantieri to Team Up with Australia-Based Companies for Navy Frigate Production Bid - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png

Fincantieri to Team Up with Australia-Based Companies for Navy Frigate Production Bid - top government contractors - best government contracting eventFincantieri will open an opportunity for Australia-based companies to help the European shipbuilder compete for a $26.4 billion Australian navy frigate manufacturing contract, the Australian Financial Review reported Sunday.

The selected companies will join Fincantieri’s global supply chain for commercial vessels such as cruise ships and luxury yachts.

The Australian navy will award a contract for the development of nine frigates equipped with anti-submarine warfare and ballistic missile defense capacities.

“From a business point of view, what we really want is the high-end, added-value manufacturing in this country,” said Sean Costello, director of Fincantieri Australia.

The Australian defense ministry announced in 2016 that Fincantieri, U.K.’s BAE Systems and the Spain-based Navantia are among the potential manufacturers of the new Australian navy frigates.

The report noted BAE Systems’ Global Combat Ship, a modified Navantia Alvaro de Bazan-class vessel and Fincantieri’s multi-mission anti-submarine warfare ship were shortlisted for the Australian navy program.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Scott Nicholas

Red Hat Unveils Updated Enterprise Container Platform - top government contractors - best government contracting event
Red Hat Unveils Updated Enterprise Container Platform
DISA to Solicit Proposals for $96M IT Products & Services Contract - top government contractors - best government contracting event
DISA to Solicit Proposals for $96M IT Products & Services Contract