Fincantieri secures more naval export orders

Fincantieri has won orders worth a total ?250 million to build a corvette for the United Arab Emirates Navy and a fleet tanker for the Indian Navy.

The contract for the 88 m “Abu Dhabi class” corvette for the U.A.E., due for delivery early 2011, includes an option for a sister ship and the provision of logistical support and crew training for crew.

The Indian Navy order is the exercise of an option for a sister ship to a 27,500 tonne displacement fleet tanker currently building at Fincantieri that is due for delivery in 2010.

These orders come on the heels of the recent awarding of the first orders in the Littoral Combat Ship program which involves Fincantieri’s shipyard in the USA. Since January this year Fincantieri has gained orders in the naval sector for a total value of over ?500 million.