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Italian Defence Companies to Strenghten Collaboration with Elefsis Shipyards and the Greek Industry

Our Bureau - : Feb 14, 2023 - : 1:50 am

Within the framework of teaming up with the local industrial eco system and strengthening the collaboration between Italy and Greece, Fincantieri and Leonardo have signed a number of further memorandum of understanding (MoU) with potential new Greek suppliers, setting the basis for defining possible long term business relationships.

The event took place today in Elefsis, where the Onex Elefsis Shipyards is based. The site is the cornerstone of the strategy of Fincantieri if the Group, as prime contractor, will be awarded the program of the Hellenic Navy corvettes pursued by the Hellenic Minister of National Defence.

The Italian team is made up of Fincantieri, Leonardo – as system integrator for the Combat Management System and the naval main sensors, systems and artillery, MBDA Italia and Elettronica.

Fincantieri signed an official agreement with ONEX Shipyards & Technologies Group last December for the creation of a corvettes manufacturing line & their life-cycle support base, which will be located at Onex Naval and Maritime Elefsis Shipyards.

The agreement provides the terms of collaboration for the construction of 2+1 state-of-the-art technology and top-standard corvettes at Onex Elefsis Shipyards along with the necessary upgrades, improvements, know-how & transfer of technology, equipment, which are estimated at approximately euro 80 million. The contract is expected to generate the creation of 2.500 direct and indirect new jobs in the shipbuilding industry.

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