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Portugal Orders €3 B Italy-Built FREMM Frigates, Boosts Autonomy

7/21/2026

Summary

Story summary

Portugal will acquire three FREMM EVO frigates from Italy’s shipbuilder Fincantieri, with delivery scheduled for 2029-2030.
The €3 billion contract includes sustainment, technology transfer and a service life of at least 30 years.
The 144-metre vessels can exceed 27 knots and will feature the latest anti-drone and unmanned systems.
Italian Prime Minister Giorgia Meloni said the purchase demonstrates Europe’s strategic autonomy, prompting Fincantieri’s shares to rise more than 2 percent after the announcement.

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Story summary

Portugal will acquire three FREMM EVO frigates from Italy’s shipbuilder Fincantieri, with delivery scheduled for 2029-2030.
The €3 billion contract includes sustainment, technology transfer and a service life of at least 30 years.
The 144-metre vessels can exceed 27 knots and will feature the latest anti-drone and unmanned systems.
Italian Prime Minister Giorgia Meloni said the purchase demonstrates Europe’s strategic autonomy, prompting Fincantieri’s shares to rise more than 2 percent after the announcement.