Fincantieri Teams Up with Ferretti

Shipbuilder Fincantieri and yacht and boat builder Ferretti Group have reached a cooperation agreement with the goal of developing commercial and industrial synergies between the two Italian companies.

The agreement relates to the security and defense sector, nationally and internationally, and to the recreational yachting industry. In both areas, the two companies have complementary capabilities and expertise that can lead to significant synergies, they say.

Fincantieri and Ferretti Group share an interconnected market view, especially after the foundation of FSD, Ferretti Group’s division dedicated to security and defense.
 
“We strongly believe that this agreement, and its future activities, will have significant effects on Italy’s economy demonstrating, once again, that the entire ‘country system’ must be the driver for Italy’s future growth,” said Giuseppe Bono, CEO of Fincantieri.     

FSD has recently presented its 20-meter (66-foot) long FSD195 fast patrol vessel to the international market. The vessel has a range of over 500 miles and is capable of average speeds of over 50 knots. The vessel is equipped with weapon and surveillance systems provided by Leonardo Group, a leading global defense system groups that is now a partner of FSD. 

The ship was displayed with a Hitrole remotely controlled naval turret with 12.7mm gun and a Janus’ day and night multisensory surveillance and target designation system. FSD195, in the Fast Attack Craft configuration, can also be installed with a couple of Marte Mk2 missile launchers on the stern of the cockpit and a Rheinmetall armoring kit on the boundaries of the operative area. 

FSD195 also features a dual band satellite telecommunications system provided by Skytech and gyro stabilizer from Seakeeper.             
 
Ferretti has also recently signed a security and defense agreement with Siham Alkhaleej Technology, a leading provider to the armed forces of the UAE.

Last month, Fincantieri was selected as preferred bidder in the sale of a 66.66 percent stake in STX France. The sale of STX France, which specializes in building cruise ships in the western France city of Saint-Nazaire and is profitable, forms part of the broader sale of businesses from the collapsed STX shipbuilding group.