Leonardo CEO says Fincantieri JV to favor talks with France: paper

The Lenovo logo is noticed in this illustration picture January 22, 2018. REUTERS/Thomas White/Illustration

ROME (Reuters) – A joint undertaking signed in between defense firm Leonardo and shipbuilder Fincantieri will favor Italy’s talks with France above a army shipbuilding offer, Leonardo CEO instructed Corriere della Sera on Monday.

Previously this thirty day period the two Italian corporations sealed a deal about the enhancement of battle devices, strengthening their cooperation in the naval sector.

Separately, Fincantieri and French condition-managed shipyards Naval Team very last week declared a joint enterprise for warship assignments, relocating nearer to a broader alliance between the two international locations on armed service shipbuilding.

Leonardo, which materials overcome units and other devices for army ships, is anticipated to choose section in the alliance, but its function has been frequently questioned as its competences overlap with France’s Thales, which owns 35 per cent of Naval Team.

Reporting by Giulia Segreti enhancing by Francesca Landini

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