What Happened
Leonardo and Fincantieri Secure Major Italian Navy Deal
Italy has awarded a €3.7 billion contract to Orizzonte Sistemi Navali, a joint venture between Fincantieri and Leonardo, for the development and production of two next-generation DDX destroyers. The contract, signed with the Organisation for Joint Armament Co-operation (OCCAR), covers the delivery of two ships, with the first scheduled for 2033 and the second for 2035. The program is intended to replace the Italian Navy’s existing Durand de la Penne-class destroyers, according to TheDefenseWatch.com.