Fincantieri to Buy Leonardo’s torpedo unit

Fincantieri to Buy Leonardo’s torpedo unit

Defense News

Fincantieri is in talks with Italy’s Leonardo to buy the latter’s torpedo unit for €200-€300 million (U.S. $218-326 million), a source with knowledge of the negotiations told Defense News. The move reflects the state-controlled yard’s push to beef up its defense business, which currently accounts for 40% of overall revenue.

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