Government Operations committee  The fixed price we submitted was not $30 billion. I don't know the data you are using. This was not our proposal. In the market capability of Fincantieri, we never proposed in international markets a frame for frigates for $2 billion, $3 billion, $4 billion or $5 billion per sh

Government Operations committee  We cannot say what was refused. There was a tender. You know the story. We were out of the tender because in the terms and conditions of the tender the scope of work was unclear. There were many points that were not fixed in the right way, so we proposed, with our solicitor, the

Government Operations committee  That's correct. We wrote a letter saying in detail the reason why we felt it was not the proper way. If you go through that letter, you see today that we were right. We say there is a high risk when you consider—not in a proper way—the scope of work between the bidder and the sel

Government Operations committee  The point is that we feel also through our international experience that what we are doing in the different important programs is that we are aiding all over the world—in Italy, but also in the U.S., Indonesia, Egypt and other important countries in which we are offering a multi-

Government Operations committee  Thank you. I'm Mr. Fulfaro. I'm really happy and it's a honour. It is my pleasure to be with you today representing Fincantieri. Fincantieri is one of the most important shipyard groups in the world. We are really honoured to be here today to discuss our capabilities with you.

Government Operations committee  Sure. It's my pleasure and honour to introduce Fincantieri. Fincantieri is one of the most important shipyard groups in the world, with the background of over 250 years of history and more than 7,000 ships built. We are not only involved in the military field, but also in cruise