Italian shipbuilder Fincantieri and Spain’s Navantia have signed a memorandum of understanding to establish a joint venture in support of the multinational European Patrol Corvette (EPC) program.
Backed by the EU’s Permanent Structured Cooperation framework and European Defence Fund, the EPC effort aims to build a unified, interoperable surface fleet for militaries across Italy, Spain, France, and Greece.
The upcoming business, subject to final transaction documents and customary approvals, will lead design work of the effort’s Full Combat Multipurpose variant and explore EPC market opportunities with additional European partners.
Following the design phase, the prototyping will begin and cover parallel works on the Long-Range Multipurpose Patrol model, the second configuration under the program.
The state-owned companies said that the venture will be open for additional participants, expanding industrial growth while pursuing the adoption of next-generation warships by 2030.
Including Fincantieri and Navantia, the EPC is supported by over 40 companies from 12 countries.
“Industry has a fundamental role in building Europe’s defence. With our collaboration, Navantia and Fincantieri are giving a significant boost to Europe’s defence capabilities,” Navantia Chairman Ricardo Domínguez stated.
“We will work together to define a new class of multipurpose, innovative, interoperable and cybersecure corvettes that meet the requirements not only of the Spanish Navy and the Marina Militare, but also of other European navies.”
Modular and Multirole Patrol Corvette
The EPC system, also known as the Modular and Multirole Patrol Corvette, will measure approximately 110 meters (361 feet) in length and have a draft of 6 meters (20 feet).
It will be powered by a combined diesel and electric propulsion system that supports speeds of up to 26 knots (48 kilometers/30miles per hour).
The vessel’s weapons will be based on the receiving country’s requirements, while its deck will have space for a maritime helicopter with the size of the NH90’s airframe.
“The EPC is more than a ship: it is a strategic platform for interoperability, innovation, and security, capable of strengthening the operational capabilities of Europe as a whole,” said Pierroberto Folgiero, CEO and managing director at Fincantieri.
