Fincantieri and thyssenkrupp Marine Systems have signed a Memorandum of Understanding (MoU) to jointly pursue the submarine acquisition program of the Philippine Navy.
The agreement outlines the companies’ intent to cooperate by combining their expertise to provide a comprehensive offer that includes submarines, logistic support, crew training, and technology transfer.
The partnership builds on their previous collaboration on the U212A submarine program for the Italian Navy.
The companies also expressed their commitment to supporting the development of local shipbuilding capabilities in the Philippines.