Fincantieri, agreement with Portugal for three frigates: investment of 3 billion euros

Fincantieri, agreement with Portugal for three frigates: investment of 3 billion euros
The President of the Council Giorgia Meloni meets the Prime Minister of Portugal Luis Montenegro, at Palazzo Chigi, Rome, July 20, 2026, ANSA/VINCENZO LIVIERI ANSA

Portugal will purchase three Fremm Evo frigates built by Fincantieri, for a total investment of about 3 billion euros. The agreement was announced at Palazzo Chigi by the President of the Council Giorgia Meloni and the Portuguese Prime Minister Luís Montenegro, at the end of their meeting.

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Meloni: «Recognition of the excellence of the Italian industry»

Meloni spoke of a «recognition of the excellence of the Italian industry» and a demonstration that Europe can strengthen its autonomy by investing in the industrial and technological capabilities of companies on the continent.

The Prime Minister indicated the agreement as a starting point to intensify cooperation between the maritime supply chains of the two countries, extending it to civil shipbuilding, the Blue Economy, and more generally to strategic supply chains linked to maritime dominance, present and future of geopolitics.

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Investment of about 3 billion

Montenegro defined the agreement as an investment of about 3 billion euros, highlighting its impact on the Portuguese and European capacity for surveillance and control of maritime resources, on the safeguarding of strategic interests, and on the freedom of international navigation.

The Portuguese Prime Minister also linked the operation to the European strategy of greater industrial autonomy, capable of generating employment and new economic opportunities.

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