New Market Research Report: Italy Defence & Security Report 2016

From: Fast Market Research, Inc.
Published: Fri Feb 19 2016

BMI View : We expect Italy's defence budget to continue to decrease in 2016, albeit at a slower rate than previous years. However, much like its neighbours , Italy is gaining awareness of the importance of developing a well-equipped and more mobile armed forces in order to tackle the international challenges that have emerged in the last decade. As such, in 2015 , it published its first Defence White Pa per since 1985, which highlights the importance of increasing the defence budget in order to also increase procurements and contracts to modernise its forces . This will therefore drive an increase in defence spending that will start to show in 2017, with a 3.6% increase.

Latest Updates

Full Report Details at

In November 2015, the Italian Navy ordered an additional multipurpose offshore patrol ship (PPA in Italian) to its original May order to Fincantieri- Finmeccanica, bringing the order to a total of seven ships. The ships will include four fixed-array, multi-functional radars and oversee gun supplied by Oto Melara, a WASS sonar array, MBDA missiles and an electronic warfare package from Elettronica. They will also have capacity for high-speed vessels such as rigid hull inflatable boats. The contract is worth a total of USD5.8bn, and the ships will be delivered in 2021, 2022, 2023, 2024 (two units), 2025 and 2026.

In December 2015, the Italian Ministry of Defence selected Italian Shipbuilder Intermarine for the design, build, outfit and delivery of two high-speed multirole vessels for special forces support. The agreement is worth USD45.2mn and includes a 10-year support package. The contract based on the agreement should be signed in the first quarter of 2016.

In April 2015, Italy ordered its final two Carlo Bergamini-class (Fregata Europea Multi-missione - FREMM) frigates, for a total value of USD812.2mn, bringing the total order to 10 vessels. The new ships will be able to accommodate a 200 member crew and will be able to displace 6,700 tonnes. The programme is run by the European programme office OCCAR (organisation for joint armament cooperation).

In December 2015, Italy took delivery of the first F-35 joint strike fighter (JSF) jet, at Cameri Air Base, where it will be assembled by Alenia Aermacchi's and Lockheed Martin's final assembly and check out (FACO) line. The aircraft, the AL-1, is the first of 90 JSF on order, of which Italy looks set to buy 38 by 2020, despite concerns regarding the restrained military budget.

The country entered into a defence agreement with Jordan in April 2015 which covers military training, military manufacturing and exchanging military expertise and information.

The country is also now engaged in an agreement with France and Germany as of May 2015 which will see the collective conducting a definition study in preparation for the development of the European Medium Altitude Long Endurance Remotely Piloted Aircraft System (European MALE RPAS).

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Czech Republic Defence & Security Report 2016
- Venezuela Defence & Security Report 2016
- Bosnia-Herzegovina Defence & Security Report 2016
- Ukraine Defence & Security Report 2016
- Slovakia Defence & Security Report 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »