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May 31, 2023
Orizzonte Sistemi Navali (OSN) is an Italian company, owned by Fincantieri (51%) and
Italy
According to the Ministry of Defence, in 2015, defence expenditure for staff increased by 1.6%, while that for training (Operational related costs), was reduced by 14%. As announced, the 2016 Defence budget will be about €20 billion; 77% will be allocated to Personnel, 9% to...
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The 2015 White Paper on International Security and Defence, signed by the Minister of Defence, represents an important achievement for the Italian Armed Forces – and more in general for Italy’s international projection. This paper is divided into six chapters analysing the main aspects of the White Paper. The first chapter explains the importance of the document in the Italian context. The second one explores the key elements of the White Paper, which altogether constitute a reform of the military entailing radical changes.
Source: http://www.difesa.it
Graphic Representation of 2016 Defence Budget
Source: http://www.difesa.it