Orizzonte Sistemi Navali, a joint venture between Italy’s Fincantieri and Leonardo, signed a contract worth around €3.7 billion ($4.21 billion) with OCCAR to supply two new-generation DDX destroyers for the Italian Navy. About €1.8 billion of the contract is allocated to Fincantieri and €1.7 billion to Leonardo, while approximately €1.3 billion consists of options. Delivery is scheduled for 2033 and 2035. Fincantieri owns 51% of OSN and Leonardo owns 49%. Leonardo CEO Lorenzo Mariani said the vessels would provide advanced operational performance and address a broad range of threats. Fincantieri shares were down 1.41% and Leonardo shares were down 1.04%.