{"id":71808,"date":"2026-02-13T08:31:04","date_gmt":"2026-02-13T08:31:04","guid":{"rendered":"https:\/\/one.sightlinemg.com\/defensenews\/uncategorized\/2026\/02\/13\/fincantieri-predicts-strong-growth-despite-ding-to-us-warship-business\/"},"modified":"2026-08-08T01:27:55","modified_gmt":"2026-08-08T01:27:55","slug":"fincantieri-predicts-strong-growth-despite-ding-to-us-warship-business","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/defensenews\/global\/europe\/2026\/02\/13\/fincantieri-predicts-strong-growth-despite-ding-to-us-warship-business\/","title":{"rendered":"Fincantieri predicts strong growth despite ding to US warship business"},"content":{"rendered":"\n

ROME \u2014 Italian shipyard Fincantieri will boost revenue by 40%, hit profits of \u20ac500 million ($593 million) and double its defense production in Italy by 2030 as global defense spending booms, the firm has said.<\/p>\n\n\n\n

In a new business plan covering 2026-2030, the Italian state-controlled yard said it expected annual revenue to rise from \u20ac9 billion in 2025 to \u20ac12.5 billion in 2030, while it will book \u20ac50 billion worth of orders over the period globally, including in the United States, adding to a current \u20ac60 billion order backlog.<\/p>\n\n\n\n

By 2035, revenue will double, reaching \u20ac18 billion, the firm said.<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

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.<\/p>\n\n\n\t