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Italy Looking at Leonardo, Fincantieri Cooperation on Defense

  • The plan would bring together strategic state companies
  • State-lender Cassa Depositi would also be part of the picture

The Italian government is carefully reviewing options to bring closer together two of its biggest and most strategically significant defense assets: state-controlled Leonardo SpA and Fincantieri SpA.

The plan, according to several people familiar with the matter, is still at an early stage. But the idea is that the two national defense giants would punch above their weight under one structure with greater public direction in an area of geopolitical importance, the people said.