Wass News

Fincantieri said its subsidiary WASS Submarine Systems has secured a contract worth more than $237 million euros to supply MU90 lightweight torpedoes to the Royal Saudi Naval Force.The agreement, awarded by Saudi Arabia’s Ministry of Defense, represents the largest contract in WASS’s 150-year history and includes the supply of torpedoes and associated logistics support services.Deliveries are scheduled between 2029 and 2030 and will be managed from WASS’s facility in Livorno, Italy.The MU90 torpedo…

Fincantieri, via its subsidiary WASS Submarine Systems, has secured a contract from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for six Scorpène-class submarines in service with the fleet.The contract, valued at more than $235 million, is the largest ever awarded in WASS’s history and coincides with the company’s 150th anniversary. Deliveries are scheduled between 2028 and 2030, with production to be carried out at WASS’s facility in Livorno, Italy’s…

Fincantieri’s underwater systems subsidiary WASS has secured its largest contract to date, winning an order from the Indian Navy to supply Black Shark Advanced (BSA) heavyweight torpedoes for the service’s Scorpène-class submarine fleet.“This agreement represents a strategically important step for Fincantieri in India,” said Pierroberto Folgiero, CEO and General Manager of Fincantieri, noting the country’s growing role as a global naval hub and a key player in maritime security.The contract…

During the DEEPDIVE - Analyst and Investor Underwater Day held in Milan, Fincantieri presented its long-term strategic vision for the development of its underwater segment to the financial community.Accounting for about 4% of Group revenue in 2024, the segment is set to double in 2027, reaching 8%, with expected revenue of approximately USD$920 million (820 million euros) and estimated EBITDA of USD$170 million (152 million euros), with an EBITDA margin approaching 19%. Forecast results for 2025 and 2026 confirm the strength of this trend…

Fincantieri has shared its interim financial results for the first quarter of 2025, showcasing growth across all business segments and achieving its best ever quarter in terms of new orders.Key highlights from the report include:Below are the key highlights from the report:Revenues totalled €2,376 million, up 35% compared to Q1 2024 (€1,767 million).EBITDA: €154 million, a 54% increase from Q1 2024 (€100 million), driven by strong performances in all segments, especially Shipbuilding (+53%).EBITDA margin: 6.5%…

Italian defense group Leonardo is close to finalizing a deal to sell its submarine unit Whitehead Alenia Sistemi Subacquei (WASS) to shipbuilder Fincantieri, Leonardo's chief executive said on Monday."We are talking days, not months," Leonardo CEO Roberto Cingolani told reporters in the port city of Genoa, in remarks confirmed by a spokesperson.The deal, expected to be worth between 200 million and 300 million euros ($213 million-$320 million), would be part of Fincantieri's broader strategy to grow through acquisitions and focus more on the fast-growing defence sector and strengthen its posit

Italian shipbuilder Fincantieri is in talks with Leonardo to buy the defense group's submarine unit Whitehead Alenia Sistemi Subacquei (Wass), several newspapers reported on Wednesday.Spokespersons for Fincantieri and Leonardo both declined to comment.The acquisition would have a value of between 200 and 300 million euros ($217-$326 million), Corriere della Sera and financial daily Il Sole 24 Ore reported.The move by Fincantieri would be part of the group's broader strategy to grow non-organically and focus more on the defence sector…

As Europe steps up its military spending after Russia's invasion of Ukraine, Italian shipbuilder Fincantieri expects to expand its defense business, but sees M&A activity halted for now, its top executives said on Thursday.Speaking at an analysts call on 2021 results, Fincantieri CFO Giuseppe Dado said that the group's naval division was poised to grow in the short term thanks to the backlog of orders already secured.In the long-term the naval business, which makes military vessels, could rise to up to 40% of its shipbuilding segment, from a current figure of 31%, Dado said.In 2021 the shipbui

The United States last week exported more crude oil and fuel than it imported for the first time on record, underscoring the nation's growing influence as a supplier of oil to the world.Exports of crude surged in the week to Nov. 30 to more than 3.2 million barrels per day, the U.S. Energy Information Administration said on Thursday.When adding in all imports and exports of crude and refined products, for the week the U.S. exported a net 211,000 bpd – the first time that has happened, according to U.S.

China Harbour Engineering Company (CHEC) began the main phase of the construction of a new terminal basin in Sokhna Port south of the Suez Canal northeast of Egypt, said he state media Xinhua.According to the report, the project was assigned to CHEC by the Sokhna branch of the Emirati corporation DP World, the main investor and container operator in the port located at the Gulf of Suez.CHEC sources said it will deliver the "Basin 2" project in fewer than 12 months ahead of the deadline.The report quoted Chen Shuang, deputy director of CHEC marketing department as saying that the launching ceremony event held on Tuesday (August 29) wass to show their determination to finish the project quickly and with high quality.Sokhna Port is located within the Suez Canal Economic Zone (SCZone)…

Earlier this year in Copenhagen Harbor, the 28-meter-long tug Svitzer Hermod berthed alongside the quay, undocked, turned 360 degrees and sailed back to Svitzer headquarters before docking again, all under remote operation while the captain was stationed quayside at the vessel’s remote base at Svitzer HQ. Though a captain and crew remained on board throughout to ensure safe operation in the event of a system failure, the remotely controlled maneuvers demonstrated a “world first” for a commercial vessel, according to project partners Rolls-Royce and global towage operator Svitzer.

Sabine Pilots in Port Arthur, Texas has received a new all-aluminum pilot boat, Port Arthur. With a deep-V hull designed by C. Raymond Hunt Associates, the Chesapeake class pilot boat was built by Gladding-Hearn Shipbuilding, Duclos Corporation of Somerset, Mass. The vessel measures 53.6 feet overall, with a 17.8-foot beam and a 4.8-foot draft. The launch is powered by twin Caterpillar C-18s diesels, each rated at 715 Bhp at 2,100 rpm. Loaded top speed is 28 knots. The engines turn five-blade NiBrAl propellers via Twin Disc MGX-5135A Quick Shift gear boxes.

As part of the renewal of the fleet of the Navy, The first tranche has been launched in recent months, OCCAR (Organisation de Cooperation Conjointe sur l'Armement, the international organization for cooperation armaments) has ordered an additional Multipurpose Offshore Patrol (PPA) to the temporary consortium (RTI), formed between Fincantieri, the agent, and Finmeccanica, through principal Selex ES, activating the option contract and uniting the production in a ' single phase, thus made ​​immediately operational. They become so seven patrol PPA in order to RTI. The previous six were assigned in May, and another three units are still optional. Delivery of the first patrol boat is expected in 2021.

India government’s failure to take a decision on the purchase of 98 Black Shark torpedoes worries Indian Navy as the induction of the first Scorpene submarine is less than a year away, reports DHNS. The navy plans to buy Black Shark torpedoes for its Scorpene submarines - under-construction at a yard in Mumbai - from Whitehead Alenia Sistemi Subacquei (WASS), a subsidiary of Italian defence conglomerate Finmeccanica embroiled in a chopper scam. After a desperate push by the navy that has called the torpedoes an “operational necessity”, defence minister Manohar Parrikar referred the proposed acquisition to the law ministry a few months ago but no guidelines have been issued so far.

Fincantieri, one of the world’s largest shipbuilding groups and reference player in the naval shipbuilding industry, and Finmeccanica, Italy’s leading manufacturer in the high technology sector, have been awarded the contract for the construction and equipment of one multipurpose amphibious unit (LHD) for the Italian Navy. The total value of the contract is over 1.1 billion euros, with Fincantieri’s share amounting to approx. 853 million euros and Finmeccanica's to about 273 million euros. The delivery of the unit is scheduled in 2022. The contract with the consortium (Raggruppamento Temporaneo di Impresa – RTI), consisting of Fincantieri…

MacArtney Underwater Technology supplied SubConn underwater connectivity solutions for the bow mounted sonar systems that are essential to the impressive undersea threat detection and response capability of the advanced FREMM frigates currently operated by the French, Italian and Moroccan navies. In close cooperation with naval defense technology contractors; Thales (France) and WASS (Italy), MacArtney has designed and delivered the outboard and inboard cable and connector solutions that interface all sonar elements and connect these to the on board communications and power network.

A Coast Guard search and rescue team and a local fishing crew worked together Saturday to save a fishing boat from sinking near Great Wass Island, Maine. Watchstanders at the Sector Northern New England Command Center in Portland, Maine received notification that the 34-foot Lady Annette was flooding with one person aboard. Rescue crews from Station Jonesport launched aboard a 47-foot motor life-boat, and the Ashley N, rushed to the scene to assist. The Coast Guard crew arrived on scene and passed a dewatering pump which helped to control the flooding coming from near the propeller shaft. With the flooding controlled, the Ashley N towed Lady Annette back to Jonesport.

The Annual Meeting of ASSONAVE, the association of Italian shipbuilders, ship-repairers and producers of marine components and systems took place in Rome recently, chaired by its President, Vincenzo Petrone. The Association explains that this was the first meeting to take place after it expanded its membership to include major companies such as Elettronica, Oto Melara, RINA Services, Selex ES and WASS – all operating in high- technology sectors – and welcomed the Federazione del Mare, representing the Italian maritime cluster, as member of its Executive Committee. A report received by the meeting paints a picture of an increasingly global…