Start of the first phase of the European Patrol Corvette project with the signing of the contract for the Modular and Multirole Patrol Corvette

(To Fincantieri)
25/10/23

On October 24, 2023, with a ceremony held at the headquarters ofOrganization for Armaments Cooperation (OCCAR) in Rome, OCCAR signed with the Consortium coordinated by Naviris and which brings together Fincantieri (IT), Naval Group (FR), Navantia (ES) and other components from Greece, Denmark and Norway, all the relevant contractual documents at the Modular and Multirole Patrol Corvette (MMPC) for the implementation of the first phase of the project European Patrol Corvette (EPC).

The overall value of this first phase is 87 million euros and is strongly supported by the European Commission (EC) through the European Defense Fund (FED). In fact, 60 million will be financed by the Commission in the form of "contributions" while the remaining 27 million will be financed by the Member States (Italy, France, Spain, Greece, Denmark and Norway) who have decided to support the project. OCCAR will manage the entire scope of the project, acting as granting authority, mandated by the European Commission, and as contracting authority (contract authority), mandated by the Member States mentioned above. 

On the same day, company delegates signed a consortium agreement which aims to regulate the execution of the tender, maximizing synergies and collaboration between European shipbuilding industries.