Fincantieri is one of three shortlisted shipbuilders to participate in the SEA5000 program's Competitive Evaluation Process held by the Australian government. If successful, the company will build nine future frigates for the Royal Australian Navy.
"Fincantieri is fully committed to the Future Frigates project and excited about our partnership with Flinders University," said chairman of Fincantieri Australia, Dario Deste. "The program represents one of the most important naval surface shipbuilding projects in the world and Fincantieri is passionate about building strong partnerships in Australia.
"Flinders University, with its expertise in naval engineering and architecture, is exactly the kind of institution we want to work with, and I hope this is the beginning of a long and fruitful relationship."
Flinders University vice-chancellor Professor Colin Stirling says the partnership will see Flinders research expertise harnessed for practical impact.
"This MoU reflects how Flinders University's powerful combination of innovation and naval expertise has been recognised by one of the world's largest shipbuilding groups and number one by diversification and innovation," he said.
"Our pivotal partnership with Fincantieri places Flinders University at the heart of one of Australia's biggest defence projects, at the heart of the Defence State, and at the heart of Australia's economic transformation.
"It provides a remarkable opportunity for our students studying International Business to undertake work placements in Italy. There they'll be involved in activities including procurement, logistical supply chain management and value analysis of suppliers for the project.
"It's further evidence of the exceptional opportunities Flinders provides."
Deste is set to meet with the two students at the company's headquarters in Trieste and shipyard in Genoa during their internship.