Today Fincantieri completed the acquisition of the Leonardo's Underwater Armaments & Systems (UAS) business through the purchase of the entire share capital of the company newly established WASS Submarine Systems Srl in which the business line has been conferred ( of 10 May 2024). The Italian shipbuilding company highlighted that "the operation represents a fundamental step in the Fincantieri Group's strategy, focused on further growth in the naval defence business and on the development of the domain of the diving, strengthening its position as a supplement technological reference in the dual field". "Thanks to This acquisition - the company also underlined - Fincantieri integrates unique skills in the field of technologies underwater acoustics and advanced weapons systems, consolidating its leadership in the underwater sector. Such innovative capabilities open up new growth prospects in military and civil sectors, with particular attention to security critical infrastructures and the adoption of applications and cutting-edge industrial solutions».

Based on the preliminary agreement signed with Leonardo on 9 May The acquisition provides for the payment today of 287 million euros equal to the fixed component of the price of acquisition. The variable component linked to the objectives of growth of the UAS business line in 2024, for an enterprise total value of up to €415 million, subject to the usual price adjustment mechanisms, will be determined following the approval of the final results of UAS relating to the 2024 financial year.