Fincantieri-WASS Secures EUR200M Saudi MU90 Torpedo Contract

Fincantieri's subsidiary WASS has awarded a EUR200 million contract by Saudi Arabian forces for the delivery of MU90 torpedo systems, effective February 10, 2026. The agreement follows competitive bidding and is expected to drive revenue and maintain operational momentum in the defense segment. Terms include a fixed-price arrangement and delivery within 18 months, with the first batch scheduled for deployment in the second half of 2026.