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Navantia and Fincantieri Unite for European Patrol Corvette Project

2/26/2026

Summary

Story summary

Navantia and Fincantieri signed a Memorandum of Understanding to jointly execute the European Patrol Corvette (EPC) project under PESCO, with support from the European Defence Fund.
The initiative aims to develop a modular, multipurpose corvette with 46 companies from 12 countries, with €154 million for design and prototyping.
The two companies will form a joint venture to manage the program and advance Full Combat Multipurpose version, strengthening Europe's maritime defense.

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Story summary

Navantia and Fincantieri signed a Memorandum of Understanding to jointly execute the European Patrol Corvette (EPC) project under PESCO, with support from the European Defence Fund.
The initiative aims to develop a modular, multipurpose corvette with 46 companies from 12 countries, with €154 million for design and prototyping.
The two companies will form a joint venture to manage the program and advance Full Combat Multipurpose version, strengthening Europe's maritime defense.