Feb 13 • 06:34 UTC 🇮🇹 Italy Il Giornale

Fincantieri unveils the new plan

Fincantieri reveals its strategic plan for 2030, focusing on defense technology and stock performance.

Fincantieri has unveiled its ambitious strategic plan for 2030, aiming to bolster its stock performance and enhance its capabilities in the defense sector. The company experienced a notable surge in its stock price, peaking at €16.97, reflecting a 5% increase, and ultimately closing up 2.8%. This strategic restructuring centers on four key pillars: submarines, defense and civilian ships, and offshore operations, aligning with a heightened demand for defense capabilities.

The company plans to invest €1.9 billion in technological advancements to strengthen its offerings in both civilian and military vessels as well as upgrade its submarine capabilities. With a projected backlog of over €50 billion in orders, Fincantieri anticipates that defense-related projects will become a significant driver of growth, particularly by 2026. CEO Pierroberto Folgiero emphasized the critical role of the defense sector in their strategy, noting that the expected increase in demand and a plan to double the production capacity at their Italian shipyards will enhance Fincantieri's position in key national and international programs.

In addition, the company's stock performance has been positively influenced by upward revisions of its financial forecasts for 2025. This combination of strategic planning and market performance illustrates Fincantieri's intent to capitalize on emerging opportunities within the defense industry while solidifying its stature as a leader in the global shipbuilding sector.

📡 Similar Coverage