Leonardo and Intermarine to supply Italy with five minehunter vessels (updated)

Immsi SpA

26/07/2024 12:14

(Adds detail and share price reaction)
       MILAN, July 26 (Reuters) - Defence group Leonardo
 LDOF.MI  and Immsi's  IMSI.MI  naval unit Intermarine have
signed a contract worth up to 2.6 billion euros ($2.82 billion)
to supply Italy's navy with five coastal minehunter ships, the
companies said on Friday. 
    The contract, which also includes logistics support, is
worth 1.6 billion euros for the vessels and 1 billion euros in
various other options. 
    Immsi's share price jumped more than 16% and Leonardo was up
 2.3% after the deal was announced.
    Intermarine will produce the 63 metre vessels in its
shipyards in Sarzana and will have a 73% share of the contract,
with the remaining 27% for Leonardo, the statement said. 
    The combat and communications systems on the minehunters
will be supplied by Leonardo. 
    The contract is part of the navy's effort to renew its 
equipment at a time of "growing international tensions" and
increasing maritime threats, the statement added. 
    
($1 = 0.9213 euros)

 (Reporting by Sara Rossi
Editing by Giulia Segreti and David Goodman)
 ((sara.rossi@thomsonreuters.com; +39 06 8030 7736;))