Naviris, Eurosam Get $1.65 Billion Contract to Upgrade French, Italian Frigates
31 Juli 2023 - 4:13PM
Dow Jones News
By Mauro Orru
European joint ventures Naviris and Eurosam have secured a
contract worth 1.5 billion euros ($1.65 billion) to upgrade French
and Italian warships.
The two joint ventures said Monday that they had won the
contract from the Organisation for Joint Armament Cooperation, a
European intergovernmental body, to modernize the frigates with a
new generation of principal anti-air missile system and long-range
radar.
Naviris is an equally split joint venture of Fincantieri and
Naval Group. Eurosam is a joint venture of Thales and MBDA, in turn
a joint venture of Airbus, BAE Systems and Leonardo.
France and Italy's Horizon warships were originally built
between 2000 and 2010.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
July 31, 2023 09:58 ET (13:58 GMT)
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