February 13, 2026 at 8:31 AM
Fincantieri predicts strong growth despite ding to US warship business
By 2035, revenue will double, reaching €18 billion, the firm said.
Visitors inspect a model of Fincantieri's FCX40 frigate during the Euronaval trade show near Paris on Nov. 6, 2024. (Thierry Nectoux/Gamma-Rapho via Getty Images)ROME — Italian shipyard Fincantieri will boost revenue by 40%, hit profits of €500 million ($593 million) and double its defense production in Italy by 2030 as global defense spending booms, the firm has said.In a new business plan covering 2026-2030, the Italian state-controlled yard said it expected annual revenue to rise from €9 billion in 2025 to €12.5 billion in 2030, while it will book €50 billion worth of orders over the period globally, including in the United States, adding to a current €60 billion order backlog.By 2035, revenue will double, reaching €18 billion, the firm said.Fincantieri has long split its focus between navy ships, offshore vessels and cruise ships, spreading technology between the sectors and relying on upticks in one business area to balance dips in others.As conflicts rage around the world and as pressure is placed on Europe to re-arm, pushing governments open their wallets, Fincantieri is enjoying robust defense orders, starting with a supply of new ships and submarines to the Italian navy.RELATEDAs foreign customers place orders, including PPA vessels to Indonesia and Fremm frigates to Egypt, Fincantieri has handed over vessels being built for Italy to accelerate deliveries,