MILAN – Defence group Leonardo and Immsi’s naval unit Intermarine have signed a contract worth up to 2.6 billion euros ($2.82 billion) to supply Italy’s navy with five coastal minehunter ships, the companies said on Friday.
The contract also includes logistics support and is worth 1.6 billion euros for the vessels and 1 billion euros for various other options.
Immsi’s share price jumped more than 16% and Leonardo was up 2.3% after the deal was announced.
Intermarine will produce the 63-metre vessels in its shipyards in Sarzana and will have a 73% share of the contract, with the remaining 27% for Leonardo, the statement said.
Leonardo will supply the combat and communications systems on the minehunters.
The contract is part of the navy’s effort to renew its equipment at a time of “growing international tensions” and increasing maritime threats, the statement added.
($1 = 0.9213 euros)
(Source: ReutersReuters)
