Get all your news in one place.
100's of premium titles.
One app.
Start reading
Reuters
Reuters
Business

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

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

ROME (Reuters) - A joint venture signed between defense company Leonardo and shipbuilder Fincantieri will favor Italy's talks with France over a military shipbuilding deal, Leonardo CEO told Corriere della Sera on Monday.

Earlier this month the two Italian companies sealed a deal over the development of combat systems, strengthening their cooperation in the naval sector.

Separately, Fincantieri and French state-controlled shipyards Naval Group last week announced a joint venture for warship projects, moving closer to a broader alliance between the two countries on military shipbuilding.

Leonardo, which supplies combat systems and other equipment for military ships, is expected to take part in the alliance, but its role has been repeatedly questioned as its competences overlap with France's Thales, which owns 35 percent of Naval Group.

(Reporting by Giulia Segreti; editing by Francesca Landini)

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.