France and Italy Christen Naviris

The intergovernmental agreement signed between French and Italian States to establish Naviris, the joint-venture (JV) between the shipbuilders Naval Group and Fincantieri.

This agreement makes the long term alliance launched by these two industrial Groups fully operational.

The JV, owned equally by the two groups, will manage ambitious projects, including mid-term modernization of the Franco-Italian Horizon frigates, common R&D, export opportunities and the development of a European Patrol Corvette.

 “We welcome this intergovernmental agreement, which reinforces our joint-venture Naviris. We are delighted to be able to count on the support of both the Italian and French governments together with the Navies of our two countries to carry out our mission effectively”, said Hervé Guillou and Giuseppe Bono, CEOs of Naval Group and Fincantieri respectively.

According to a joint press release, Naval Group and Fincantieri are open to enlarge their cooperation to other European partners in order to make the European naval industry the worldwide leader in product performances and technology innovation.