The Italian state-owned shipbuilding company, Fincantieri, has set its sights on dominating the underwater sector. CEO Pierroberto Folgiero emphasised this as a key priority. The company, with a historic reputation for building over 180 submarines, forecasts that the global underwater market will be worth $400 billion by 2030.

Drawing on its extensive legacy, Fincantieri is positioning itself to meet the growing demand from the United States, the United Kingdom, and Australia, all of which are investing billions to rebuild their submarine fleets following years of underfunding.