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Fincantieri CEO Folgiero says Europe must build underwater defence

Fincantieri CEO Pierroberto Folgiero told the Financial Times Europe must take responsibility for Mediterranean underwater defence. He said higher defence budgets should be spent better, as Fincantieri's underwater unit targets 8 percent of revenue by 2027.

Reported Opinion AI-drafted Business Insider, 27 May 2025

What it does not test. This does not establish any new government funding decision or contract, only the chief executive's own position and his company's revenue target.

How this item counts. This item is dated before the index starts on 1 January 2026, so it does not count in the European Sovereignty Index.

How this item was made. Drafted by an AI system (Claude (Anthropic)) from the source cited above and published under the editor’s responsibility without a person reading it first. How the record is made

What the tags mean: VerifiedReportedAI-draftedAI-drafted, editor-readHuman-writtenWhat the tags mean

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