Fincantieri shipyards announced it will sign a contract with OCCAR (Organisation Conjointe de Cooperation en matiere d’Armement, the international organization for joint armament cooperation) for the construction of 2 new-generation submarines for the Italian Navy.
The contract envisages an option for 2 additional units and is part of the new U212NFS (Near Future Submarine) acquisition program of the Italian Navy.
The total contract value for the first two vessels, including relevant logistics support, amounts to €1.35 billion.
Italy; Navy orders two U 212 submarines for €1.75B.