SYDNEY, Australia—A shipbuilding alliance between Italy and France to create an Airbus-style manufacturing coalition should help the European companies grab a bigger share of the competitive Asia defense market, the head of French naval contractor Naval Group said. Naval Group and Italian shipbuilder Fincantieri SpA said last week that they would team up to pursue some large foreign deals that could form the basis for a Europe-wide shipbuilding approach, dubbed a “naval Airbus.”...

Source: Wall Street Journal October 05, 2017 05:37 UTC