It’s official: Fincantieri crash in Romania.
The Romanian government has in fact chosen the French manufacturer of naval defense systems Naval Group for the construction of four multifunctional corvettes and the upgrade of two former Royal Navy frigates (Broadsword class) F-22, the Regina Maria and Regele Ferdinand, as well as the construction of a maintenance and training center for the staff and technicians of the Fortele Navale Romane. This is what Analysis Defense emphasizes.
The offer, product of the partnership with the Santierul shipyard in Costanza, has a total value of 1.6 billion euros (approximately 1.85 billion dollars); even if the details of the deal will be established at the time of signing the contract: the French company will supply 4 Gowind-class corvettes, with the delivery of the first ship in 2022 and the launch of the remaining three by 2026. HOW THE FRENCH GOVERNMENT EXULTS
“While respecting its commitments towards NATO, Romania demonstrates with this acquisition its desire to strengthen Defense Europe and develop the defense industrial and technological base, turning to its European Union partners for its acquisitions of military equipment ” , the French Ministry of Defense said. THE CONTRACT SKIPPED
Naval Group, Fincantieri and Damen were competing in the tender, with their respective local partners. Banca Akros analysts recently recalled that the Romanian Navy intends to purchase 4 corvettes, a contract worth 1.6 billion euros, but the selection process was hampered by numerous political interference. THE FRUSTRATED SIGHTS OF FINCANTIERI
“The group was on the short list together with Damen and Naval Group. The selection process was not very transparent and it also seems that Baval Group’s victory was contested by the other contenders ”, Banca Akros analysts pointed out days ago. THE BAD NEWS FROM BRAZIL FOR FINCANTIERI
Not only that: in the last week the Italian giant (which saw the yellow-green government confirm the top after a tug-of-war on Bono) lost another military contract in Brazil where it was also considered a favorite, according to sector analysts. , as told by Start Magazine. At the end of March, the Brazilian Navy awarded its € 1.6 billion Tamandare corvette program to Aguas Azuis, a consortium led by ThyssenKrupp Marine Systems. FINCANTIERI’S BAD CHANCE IN BRAZIL
Fincantieri presented itself to the consortium tender with its subsidiary VARD BR, promoting a “tailor-made” project based on Brazilian requirements, as well as foreseeing, as per specifications, construction in Brazil. WHO WON THE ORDER OF THE BRAZILIAN NAVY
The Aurelio Giansiracusa analysis recently commented on Start Magazine: “Despite the alleged excellent relations displayed between the Italian and Brazilian political leaders on the occasion of the repatriation of Cesare Battisti, a fugitive for long years between France and Brazil, the victory of the race it went to the German-Brazilian consortium Thyssen Krupp-Embraer, leaving more than a bitter sensation in the mouth because the Italian proposal was really palatable and more than discreetly supported “. THE SCENARIO Having
lost business in Brazil and Romania, bad news also arrives from the United Kingdom on the military front for the colossus led by Giuseppe Bono which aimed precisely at expanding into the military sector. WHAT THE FINANCIAL TIMES WRITTEN ABOUT FINCANTIERI
In fact, Fincantieri withdrew from the English navy race. According to what was written a few days ago by the Financial Times, the group has decided to withdraw from the 1 billion tender launched by the British navy for the supply of three logistic support ships. WHAT HAPPENED IN THE UNITED KINGDOM FOR FINCANTIERI
Fincantieri, the analysts of Equita pointed out, had been selected in the short-list last December together with the Korean group Dsme, the Spanish group Navantia, the Japanese group Japan Marine United Corporation, and a British consortium consisting of Bae Systems, Babcock International, Cammell Laird and Rolls-Royce. NEWS FROM MF / MILANO FINANZA ON FINCANTIERI
In addition to Fincantieri – writes Mf / Milano Finanza – DSME would also have withdrawn from the race. Fincantieri’s decision was confirmed to the Financial Times by a representative of the company and would be due to various considerations related to the commercial terms of the contract, including the request to the winner to finance the contract in advance, adds Mf. WHAT FINCANTIERI SAYS
Fincantieri to the financial newspaper stressed that the English Ministry of Defense has asked the company to consider the new documents relating to the tender that will be made available in the coming days. The assignment of the tender is in fact scheduled for 2020.
