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May 11, 2026
Fincantieri, an Italian shipbuilder, revised upwards on Monday its '2026 guidance in terms of revenue and core profit. It also increased its net profit. This was after it signed a number of large contracts earlier this year that surpassed its full-year goal.
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May 11, 2026
Fincantieri, an Italian shipbuilder, revised its full-year guidance on Monday for revenues and core profit. The group reported that new orders fell by just over 70% in the first quarter to 3.4 billion euro ($4.00 'billion). However, this does…
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May 11, 2026
TKMS said that its order backlog had reached a new record on Monday. This is due to the continued demand for weapons in Europe to reduce military dependency on the United States. TKMS is owned by the German engineering conglomerate Thyssenkrupp…
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May 7, 2026
Taiwan conducted the first torpedo firing of its domestically-developed submarine. This is a significant milestone in a project that aims to strengthen deterrence and protect vital sea lanes if war breaks out. Taiwan, which China claims to be…
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May 6, 2026
The Financial Times (FT), Wednesday, reported that Rheinmetall wants Germany to pay about 12 billion euros ($14 billion), to take over its?troubled F126?frigate?program. This would bring the 'total cost of?"six warships up to approximately 14 billion euros.
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April 29, 2026
Fincantieri, an Italian shipbuilder, and Albanian KAYO have formed a joint-venture to build and maintain vessels for Albania. The country is seeking to modernize its military infrastructure and deepen its NATO connections. According to a joint statement from the government and the company…
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April 28, 2026
The Italian parliament voted on Tuesday to support a government proposal to donate an old?aircraft-carrier to Indonesia. This would strengthen relations with an ally and avoid the cost of dismantling an outdated asset. Garibaldi, a 54 million euro (63 million dollar) vessel…
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March 27, 2026
The government announced on Friday that Norway will increase its defence expenditures by 115 billion crowns (about 11.87 billion dollars) between now and 2036 to compensate for the rising costs of military equipment. According to the government…
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March 25, 2026
The underwater business segment, which saw an 88% increase in revenue, was the main driver of this?fourfold? jump. The shares of the Trieste-based firm rose up to 7.5% after the results. State-controlled shipbuilder reiterated their 2026 'targets' for revenue between 9.2 and 9.3 billion euro…
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March 9, 2026
Gabler Group shares fell below the?offer?price? in a debut at the Frankfurt Stock Exchange on Monday after rising earlier in the day. The shares fell below the 44 euro offer price at 1349 GMT after reaching 49.1 earlier in the day. At its final price, the company valued itself at 266 millions euros.
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February 25, 2026
Leonardo, the Italian defence group, posted a '2025 result that was above its financial targets. It also saw a significant improvement in its debt and an increase in key indicators. New orders increased 14.5% on an annual basis to 23.8 billion euros ($28.09billion)…
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February 24, 2026
In a'speech' published on Monday, the chief executive of TKMS, a -German warship builder - called for consolidation in the defence.industry. He said that money alone cannot build ships, and that the deciding?factor is how quickly industry and clients can act together.
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February 12, 2026
Fincantieri pledged on Thursday to 'double its core profits to 1.25 billion euros ($1.49billion) by 2030, under a new multi-year defence-focused strategy. This will also double the'shipyard production capacity of 'Italy and expand its underwater business.
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February 12, 2026
Italian shipbuilder Fincantieri announced a partnership on Wednesday with the 'deep-tech company, 'Generative Bionics' to develop a humanoid robot that will work alongside its workers in shipyards. Fincantieri’s shipyard in Genoa, Italy, will begin testing the robot by 2026.
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February 11, 2026
German submarine manufacturer TKMS announced a record-breaking $22 billion backlog of orders on Wednesday. They also raised their 2026 sales forecast, citing a surge in demand for warships during a period of increasing geopolitical tensions.
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February 10, 2026
Creative director Marco Balich said that the opening ceremony for the Milano Cortina Winter Olympics in Italy was a complex show, staged at four different locations. Its length could be attributed to the exuberance and fervor of the athletes.
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February 4, 2026
Wartsila, the Finnish engineering company, missed its fourth-quarter order forecasts on Tuesday due to U.S. tariffs on batteries and increased competition in their energy storage business. Even though CEO Hakan AGnevall said that there were…
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January 29, 2026
The German budget committee approved a pre-contract to buy?MEKO A200 class frigates on Wednesday. According to two members of the committee, TKMS will pay?50 millions euros ($59.70million) for these frigates. The budget committee approved an…
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January 25, 2026
South Korean Presidential Chief of Staff Kang Hoon -sik announced on Monday that he would be heading to Canada with Hyundai Motor executives and representatives of shipbuilders Hanwha & HD Hyundai Heavy Industries in order to secure a major subcontract.
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January 23, 2026
Armin Papperger, CEO of Rheinmetall, said that the company is considering further acquisitions within the naval sector. In September, Rheinmetall agreed to buy the warship division from German shipbuilder Luerssen at a price of 1.35 billion euro ($1.57 billion).
