As part of the Italian Navy OPVs (Offshore Patrol Vessel) acquisition programme Orizzonte Sistemi Navali (OSN), the joint venture between Fincantieri and Leonardo, with respective stakes of 51% and 49%, has signed a contract with the Italian Secretariat General of Defence and National Armaments Directorate for the construction of three next generation patrol vessels.
Further, it has the options for a further three units and infrastructural upgrades required for the naval bases in Augusta, Cagliari and Messina, where the vessels will be based.
The overall value of the contract for the first three units is euro 925 million, including the related integrated logistics support.
Over the coming days, OSN will finalise the sub-contracts with Fincantieri and Leonardo, with a value respectively of around euro 540 and 255 million.
The one for Fincantieri constitutes significant related party transactions defined in compliance with the applicable legislation.
For Leonardo the above supply agreement, to be concluded between Leonardo and OSN, is a related party transaction of “lesser importance”, taking into account the contract value and the applicable relevance indexes.
The transactions benefit of the exemption from the procedural regime provided for transactions with (even jointly) subsidiaries, pursuant to current regulations and respective procedures adopted.
Italian Navy OPVs Program
The OPV program addresses the need to ensure adequate capabilities for presence and surveillance, maritime surveillance, merchant traffic control, protection of lines of communication and the exclusive economic zone, as well as activities to protect against threats from marine pollution, such as spills of toxic liquids.
With a length of about 95 metres, a displacement of 2,300 tonnes and the capacity to accommodate 97 crew members on board, the new patrol vessels will be marked by their high concentration of technological solutions, as well as high standards in terms of automation and manoeuvrability, making them suitable to operate in a wide range of tactical scenarios and weather conditions.
One of the most innovative features is the “naval cockpit”, developed for the Italian Navy’s Multipurpose Offshore Patrol Vessels (PPAs), on the basis of a truly revolutionary requirement: an integrated workstation was designed, co-produced by Leonardo and Fincantieri NexTech, which allows the ship and aeronaval operations to be controlled by only two operators, the pilot and copilot, who fulfil the duties of officer of the watch on the bridge and commander.
Indeed, from this station, located in the command bridge, it is possible to manage the machinery, rudders and platform systems as well as some of the functions of the combat management system.
