Fincantieri runs on rumours of a 3 billion Portuguese order

(Il Sole 24 Ore Radiocor) - Corre Fincantieri at Piazza Affari on rumours of a new €3 billion order from Portugal. Purchases have been boosted by the rumour, reported by CNN Portugal, that Lisbon has selected Fincantieri for the supply of three Fremm Evo frigates, with an estimated value of around 3 billion euros, as part of the projects to be financed through the European programme Safe.

"We believe that this indiscretion may be linked to the presentation, on 30 November last, by the EU member states of their respective defence investment plans that are candidates for Safe funds," write Equita analysts, who point out that it was here that Portugal "may have indicated Fincantieri as a potential supplier", but "the information is not official at the moment". The possible order would be part of a broader agreement between Rome and Lisbon. Regarding the Safe programme, the European Commission will decide by the first quarter of 2026 which initiatives to finance. The funds would only be allocated at a later stage, with the relevant orders likely to be contracted from the second half of 2026, Equita specify. "If confirmed,the news would be positive for Fincantieri both because of the size of the order and because it would represent an important European export contract after the recent disappointments in the tenders in Norway (frigates) and Poland (submarines)," the experts say.