PRODUCTION ACTIVITIES ON THE FIRST ITALIAN NAVY'S NFS SUBMARINE START

Trieste, January 11, 2022 - Production activities for the first of 2 new-generation submarines, as part of the U212NFS (Near Future Submarine) acquisition program of the Italian Navy, started today at the Muggiano (La Spezia) shipyard.

The program, which also envisages relevant in-service support, an option for 2 additional units, as well as the creation of a Training Center, is led by OCCAR (Organisation Conjointe de Cooperation en matiere d'Armement, the international organization for joint armament cooperation), in line with the most innovative management procedures, through life management and risk management.

The project is an evolution of the U212A program carried out in cooperation with the German thyssenkrupp Marine Systems, which resulted in the production of 4 submarines for Italy - "Todaro", "Scirè", "Venuti" and "Romei", delivered by Fincantieri between 2006 and 2017 - and 6 for Germany. According to highly reliable analyses, the technological content of these air-independent propulsion submarines determined the shift in the balance between nuclear and conventional vessels in the postwar period.

The new submarines will be highly innovative, with significant design modifications which

will all be developed independently by Fincantieri. The U212NFS program, which envisages the first two deliveries in 2027 and 2029, responds to the need to secure adequate underwater spatial surveillance and control capacity, considering the future complex scenarios of underwater operations and that the operational lifetime of the 4 "Sauro" class submarines, currently in service, is drawing near. It also aims at upholding and further developing Fincantieri's acquired strategic and innovative industrial know-how,as well as consolidating the technological lead attained by the company and its supply chain, major industries, and small and medium-sizedenterprises of the sector, enhancing the presence on board of technologically advanced component parts developed by Italian industries.

The submarines carry out many different tasks for the benefit of the community on a daily

basis, preserving national interests and collective defense within the framework of the most important alliances in which the Italy participates, NATO and the EU. They range from purely military missions to operations pertaining to freedom of navigation, anti-piracy, keeping the energy supply routes safe (due to the presence of seabed resources or underwater infrastructure), observance of international law, fighting terrorism, defending external borders, and safeguarding maritime infrastructure, including essential off-shore and underwater infrastructure, not least preserving marine ecosystems.

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Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems.

With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing 10,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating in four continents and with over 20,000 employees.

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Fincantieri S.p.A. published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 15:27:08 UTC.