Fincantieri marked the final weeks of 2025 with several strategic announcements and operational milestones that underscored its position within cruise, defense and underwater industries. These developments demonstrated their focus on growth, innovation and financial security amid global maritime demand.
Board Approves Aim-High 2026-2030 Business Plan
On December 2025, Fincantieris Board of Directors approved their 2026-2030 business plan which projects revenues and EBITDA to grow by 40% and 90% respectively compared to 2025 levels, and net profit reaching EUR500 million by 2030. Additionally, this plan anticipates over EUR50 billion in new orders; defense sector contracts are anticipated by 2026 and Italian shipyards have doubled production capacity for defense vessels to meet increasing domestic and international demand.
CEO Pierroberto Folgiero described his plan as an industrial manifesto, emphasizing increased production, competitiveness in commercial and offshore segments, leadership in the underwater domain, as well as commercial opportunities identified between 2026-2028 worth over EUR56 billion, including EUR23 billion at medium-high probability - supporting revenue growth to EUR12.5 billion by 2030. Furthermore, this strategy features expansion in high-value markets via subsidiary VARD as well as advancements made towards digital ships, energy transition, procurement excellence.
Prysmian-Led Joint Venture to Acquire Subsea Telecom Leader Xtera
On December 29th 2025, Prysmian and Fincantieri entered into an agreement to acquire Xtera Topco Limited of UK/US origin, which specialises in turnkey submarine telecommunication systems, for an enterprise value of $65 million. Subject to regulatory approvals and expected to close by Q1 2026, this joint venture provides one-stop subsea telecom solutions through Prysmian cable expertise combined with Fincantieri's subsea integration capabilities.
Fincantieri CEO Pierroberto Folgiero noted the transaction as furthering Fincantieri's underwater strategy, while Prysmian EVP Raul Gil highlighted growth driven by AI-fueled data center expansion. Furthermore, this partnership extends to installation services, security services, unmanned systems, potential submarine energy cables - enhancing competitiveness in an emerging market with long-term prospects.
WASS Awarded Major Black Shark Torpedo Contract by Indian Navy
Fincantieri subsidiary Whitehead Alenia Sistemi Subacquei (WASS) won an order worth between $200-235 million from the Indian Navy for Black Shark Advanced heavyweight torpedoes on December 30, 2025, further deepening Italy-India naval defense relations while broadening Fincantieris underwater portfolio.
Fincantieri's defense and underwater business is on an aggressive growth path; their accessible market is projected to more than double to EUR43 billion by 2030 according to their new business plan. This contract represents another milestone in that journey.
First Saudi Multi-Mission Surface Combatant to Launch in Wisconsin
Fincantieri Marinette Marine (FMM), of Wisconsin, completed its historic launch of HMS Saud for the Royal Saudi Naval Forces. FMM utilized their new syncrolift technology for this important milestone of this program.
Fincantieri's US operations capacity and international defense exports, supporting their plan to capture global defense growth opportunities are demonstrated through this event.
Italian Navy Accepts Delivery of LSS Atlante
Fincantieri delivered Atlante, its second logistic support ship (LSS) under Italys fleet renewal program, on December 29, 2025. As one of four-unit series designed to supplement replenishment capabilities with advanced logistics and multi-role features.
Fincantieri's expertise in complex military vessel construction was again showcased through this delivery, furthering Italys naval modernization efforts and aligning with planned production expansion plans.
Virgin Cruises Loan Maturity Date Extended
Fincantieri extended the maturity of its collateralized loan to Virgin Cruises entity VC Ship Four Ltd. until September 2030 in exchange for immediate payments reducing principal to EUR495 million, schedule amortizations payments and improved security, plus new terms including adjusted interest rates.
Fincantieri's restructuring classifies receivables as non-current while maintaining its 2025 net debt/EBITDA guidance of 2.7x to 3.0x, maintaining financial discipline amid its substantial EUR41 billion backlog as of September 30, 2025.
These events position Fincantieri for sustained leadership across maritime sectors, with its strong order pipeline and strategic investments poised to drive performance well into 2026 and beyond.