Fincantieri predicts strong growth despite ding to US warship business
Government
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, adding to a current €60 billion order backlog. By 2035,
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