Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million

Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million
Fincantieri acquires Leonardo’s undersea armaments business worth up to $447 million

Terms of the acquisition include the shipbuilder paying a fixed fee of €300 million ($323 million), and “based on certain growth assumptions,” an additional €115 ($124 million) directly relating to performance of the underwater armaments business this year.