The European Patrol Corvette project - déjà vu?
Industrial defence project Naviris, a 50/50 joint venture between the Italian shipbuilder Fincantieri and its French counterpart Naval Group, and the Spanish state-owned shipbuilding company Navantia signed a Memorandum of Understanding (MoU) on 12 February 2021 to confirm industrial cooperation in the European Patrol Corvette (EPC) project, following the start of the initiative in mid-2019 and a number of consultations. Basically, the initial aim was to pool the labour-intensive and cost-intensive development and design work of the three successful shipyards, which compete in the same market segment but wanted to position themselves more cleverly in the global competition in future. Of course, the navies involved are only too happy to hear this. And now the funding from the European...
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