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Yesterday Fincantieri and Naval Group announced the name of their new joint venture: NAVIRIS. This name “recalls a robust partnership that guarantees a higher quality know-how, projected to an international scenario,” the companies stated during the event.

This follows the announcement made on June 14, 2019, when the operational terms for the incorporation of a 50/50 owned joint venture between Naval Group and Fincantieri were settled out. The announcement took place during the recent Steering Committee held in Genoa (it meets every quarter alternatively in France and Italy).

“The Alliance between Fincantieri and Naval Group represents a great opportunity for both groups and their ecosystems to enhance their ability to better serve the French and Italian navies, to capture new export contracts, to develop new technologies and, ultimately, to improve the competitiveness of the naval sectors of both countries,” the companies announced. “The incorporation of the joint venture is still expected as planned before the end of the year.”

Dorothee Frank