Defense Industry Defense Technologies Europe & Eurasia Italy Maritime Security Technology & Innovation United States and Canada
Interview April 3, 2024

Fincantieri CEO Pierroberto Folgiero on transatlantic defense industrial innovation and cooperation

By Atlantic Council

Pierroberto Folgiero, chief executive officer of Fincantieri, Italy’s leading shipbuilding company that works closely with the US Navy and has several shipbuilding sites in the United States, joined the Atlantic Council for an interview with Matthew Kroenig, vice president and senior director of the Scowcroft Center for Strategy and Security. Folgiero shared his perspective on the importance of allied defense industrial cooperation, especially between the United States and Italy, technological innovation in the maritime theater, and the challenges of workforce constraints. Fincantieri is a donor to the Atlantic Council.

Full interview

Here are a few highlights from the conversation:

On the state of the defense market

European defense needs to manage fragmentation, and the best way to manage fragmentation is to share platforms and to share as much as possible, also at a transatlantic level.

Pierroberto Folgiero

On the challenges facing shipbuilding

How to be a manufacturing power without enough labor? That’s the big question mark of Western countries… It’s very important that we convince our own people that production is a good job. So, we have to retell the story of shipbuilding. And to do this, we need to modernize shipyards.

Pierroberto Folgiero

On the future of shipbuilding and transatlantic cooperation

I am very focused on the underwater for the future… I believe that the Mediterranean underwater can be a kind of perfect place to validate the new approaches, new models, and new technology.

Pierroberto Folgiero

The Scowcroft Center for Strategy and Security works to develop sustainable, nonpartisan strategies to address the most important security challenges facing the United States and the world.

Forward Defense, housed within the Scowcroft Center for Strategy and Security, generates ideas and connects stakeholders in the defense ecosystem to promote an enduring military advantage for the United States, its allies, and partners. Our work identifies the defense strategies, capabilities, and resources the United States needs to deter and, if necessary, prevail in future conflict.

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Related Experts: Matthew Kroenig

Image: 190910-N-UB406-0146 ATLANTIC OCEAN (Sept. 10, 2019) The Royal Danish navy frigate HDMS Peter Willemoes (F 362), right, the underway replenishment oiler USNS Patuxent (T-AO 201), center, and the Royal Netherlands navy frigate HNLMS Van Speijk (F 828), left, transit the Atlantic Ocean during exercise Cutlass Fury 2019. Cutlass Fury is designed to be a biennial, medium-scale exercise off the coast of Nova Scotia and Newfoundland, with the sole purpose to exercise Canada's Atlantic Fleet, Allied Navies, and other joint elements in tactical-level warfare. (U.S. Navy photo by Mass Communication Specialist 2nd Class Cameron Stoner)