The document was signed in Rome by the Greek General Directorate of Defence Investments and Armaments and the Italian General Directorate for Armaments. Italian Defence Minister Guido Crosetto and Greek Defence Minister Nikos Dendias attended alongside the chiefs of the two navies.
The arrangement moves forward a process launched through a memorandum of cooperation and declaration of intent signed in September 2025. It also provides a basis for broader naval and industrial cooperation between Italy and Greece.
Fincantieri will lead the transfer and provide support throughout the operational lives of the two vessels. The agreement covers initial and long-term services intended to maintain their readiness after they enter Greek service.
Greek industry will participate in maintenance work and the integration of new systems aboard the frigates. That role connects the ship transfer with domestic industrial involvement and future modernisation activity.
“The progress of the transfer process also creates new opportunities for industrial synergies between Fincantieri and the Greek industrial ecosystem, generating benefits across the supply chain,” said Pierroberto Folgiero, chief executive and managing director of Fincantieri. “The introduction of the FREMM frigates into the Hellenic Navy represents a first step towards broader integration of expertise, technologies and industrial capabilities among countries operating the platform, fostering knowledge sharing and supporting development of further technological advancements.”
Fincantieri designed and built both ships for the Italian Navy. The company said the transfer reflected the adaptability of the FREMM platform and its ability to support continuous naval operations.
The arrangement gives Fincantieri a continuing role beyond the delivery of the vessels. It also opens further opportunities involving lifecycle support, technology integration and cooperation with Greece’s defence industry.
