What's Happening?
Italian shipbuilding group Fincantieri has announced a strategic plan aimed at expanding its operations in the defense and underwater segments, as well as specialized vessels. The company projects a 40 percent increase in revenues by 2030, with a net profit target of €500 million ($587 million) and a 90 percent rise in EBITDA. Fincantieri's strategy includes leveraging its leadership in cruise ship construction and specialized offshore vessels, while also enhancing its defense operations. The company recently launched a new underwater segment following the acquisition of Leonardo’s Underwater Armaments & Systems business. As of September 2025, Fincantieri reported a backlog of €41 billion ($48 billion), representing 100 ships with deliveries
expected until 2036. The strategic plan anticipates growing revenues from €9 billion in 2025 to €12.5 billion in 2030, driven by €50 billion in new orders, particularly in defense.
Why It's Important?
Fincantieri's strategic plan underscores the growing importance of defense and specialized shipbuilding in the global market. The company's focus on expanding its defense capabilities aligns with increasing global government spending on defense, projected to reach $2.93 trillion by 2030. This expansion is expected to enhance Fincantieri's competitiveness and operational efficiency, positioning it as a key player in the defense shipbuilding sector. The anticipated growth in cruise passengers also supports the company's cruise ship segment, contributing to its overall revenue growth. The plan reflects a broader industry trend towards diversification and specialization, which could influence other shipbuilders to adopt similar strategies.
What's Next?
Fincantieri plans to ramp up production capacity, particularly in its Italian defense shipyard, to meet the anticipated demand. The company expects to secure significant commercial opportunities between 2026 and 2028, with a medium-high probability of €23 billion in orders. The new underwater segment is projected to double in value by 2030, reaching €43 billion. These developments suggest a robust pipeline of projects that could solidify Fincantieri's market position and drive long-term growth. Stakeholders, including investors and industry partners, will likely monitor the company's progress in executing its strategic plan and capturing new business opportunities.
