Fincantieri Outlines Plan to Consolidate and Strengthen Shipbuilding Ops
Italian shipbuilding giant Fincantieri has announced a bold long-term strategic plan aimed at expanding its operations in defense, underwater segments, and specialized vessels. The company projects a remarkable 40% revenue growth by 2030, alongside a significant increase in profitability, forecasting a net profit of €500 million ($587 million). This ambitious roadmap is set against a backdrop of a robust backlog of orders and a commitment to enhancing production capabilities.
Strategic Vision and Financial Projections
Fincantieri’s new strategic plan outlines a vision for the future, emphasizing growth in both the commercial and defense sectors. The company aims to boost revenues from an estimated €9 billion in 2025 to approximately €12.5 billion by 2030. This growth is expected to be fueled by an influx of new orders, projected to reach €50 billion, with a significant portion coming from defense initiatives. Fincantieri’s Chief Executive Officer, Pierroberto Folgiero, described the plan as an “industrial manifesto” that will enhance production capacity and operational efficiency.
As of September 30, 2025, Fincantieri reported a backlog of €41 billion ($48 billion), reflecting a 32% increase from the previous year. This backlog includes 100 ships scheduled for delivery through 2036. The company is particularly optimistic about the defense sector, planning to double its production capacity at its Italian defense shipyard. The current geopolitical climate presents substantial opportunities for growth, with global government spending on defense expected to rise to $2.93 trillion by 2030, up from $2.47 trillion in 2025.
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Focus on Defense and Underwater Segments
While cruise ship construction remains a vital part of Fincantieri’s operations, the company is increasingly focusing on defense shipbuilding as a key growth driver. In the first nine months of this year, Fincantieri secured 11 new cruise ship orders, bringing its total to 36 ships on order. The company anticipates a steady growth rate of 4.5% in cruise passengers from 2024 to 2032, which will continue to support this segment.
In addition to its defense initiatives, Fincantieri recently launched a new underwater segment following the acquisition of Leonardo’s Underwater Armaments & Systems business. This segment is projected to double in size from €22 billion to €43 billion between 2026 and 2030. The company has identified commercial opportunities worth over €56 billion from 2026 to 2028, with a medium-high probability assigned to €23 billion of those opportunities. The first orders are expected to materialize in 2026, marking a significant step in Fincantieri’s strategic evolution.
