Fincantieri SpA has secured a contract valued at over €200 million through its WASS unit to supply torpedoes to the Indian Navy. Production will take place at the Livorno plant in Italy, with deliveries scheduled between 2028 and 2030, reinforcing long-term industrial cooperation.
Fincantieri has announced a significant new defense contract through its underwater systems subsidiary WASS, marking an important milestone in the group’s international naval defense activities. According to Reuters, the agreement involves the supply of torpedoes to the Indian Navy, underlining India’s continued investment in advanced maritime capabilities.
The contract, valued at more than €200 million, will be executed by WASS, Fincantieri’s specialized unit focused on underwater weapon systems. Production activities are set to be carried out at the company’s Livorno facility, ensuring continuity of industrial operations and technological expertise within Italy.
Key Highlights
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Contract value exceeds €200 million, reflecting a strategically important defense deal
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WASS unit awarded the order for torpedoes by the Indian Navy
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Production will be based at the WASS plant in Livorno, Italy
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Deliveries are scheduled over a multi-year timeframe, from 2028 to 2030
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The order strengthens long-term defense cooperation between Italy and India
This agreement further consolidates Fincantieri’s position as a key global player in the naval defense sector. The extended delivery schedule indicates a long-term production commitment and stable order visibility for the company’s underwater systems business. It also highlights the Indian Navy’s focus on enhancing its underwater warfare capabilities through trusted international partnerships.
Sources: Reuters