Fincantieri has gained new important orders from foreign navies: a corvette for the United Arab Emirates Navy of and a fleet tanker for the Indian Navy. The vessels, worth 250 million Euros, will be built at Fincantieri’s Italian shipyards. The “Abu Dhabi class” design of the corvette for the U.A.E., due for delivery early 2011, has been developed from the “Cigala Fulgosi”, on the basis of which four “Comandanti” class vessels were built for the Italian Navy. In addition to an option for a second sister ship, the contract also comprises provision to the U.A.E. Navy of logistical support and training for crew. What makes the order even more important for Italian industry is that the ship’s combat system will be supplied by Selex Sistemi Integrati, a company in the Finmeccanica group. The Indian Navy, on the other hand, has exercised its option for a second fleet tanker which was included in the contract signed in 2008, with delivery in the last half of 2011, a sister ship to the first fleet tanker currently under construction and due for delivery in 2010. Fincantieri has been following the Indian market closely. Following delivery in 2007 of the Sagar Nidhi, an oceanographic vessel for the National Institute of Ocean Technology (NIOT) of Madras, the company has continued its co-operation – drawing on the strength of its experience building the Cavour, the flagship of the Italian Navy – with the shipyard of Cochin for the design of the engine, technology transfer and the provision of complementary services for the construction of the Indigenous Aircraft Carrier (IAC) currently under construction. Fincantieri has completed the functional and detailed design of the propulsion system and assistance at the Indian shipyard is soon due to start up. Commenting on the announcement of the orders, Giuseppe Bono, Chief Executive Officer of Fincantieri said: “We are beginning to reap what we have sown. These important orders constitute for our Group a significant signal of recovery in the naval export market, especially in view of the current crisis. They come on the heels of the recent awarding of the first orders in the Littoral Combat Ship program which involves our shipyards in the USA, and confirm that the company was right to take the strategic decision to be present in all sectors, from civilian to military.” Since January this year Fincantieri has gained orders in the naval sector for a total value of over 500 million Euros.
1 comments:
with the ATV comming out in the open and India indigeniously building 2 aircraft carriers, any hints that the carriers will be nuclear powered?
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