The state-owned company is is benefiting from increased demand across its three core businesses—cruise ships, warships and submarines—as Western countries seek to modernize their armies.

TUI Cruises, a joint venture between German TUI Group and Royal Caribbean Cruises, has taken delivery of the first of two

Italian shipbuilder Fincantieri and Norwegian Line Holdings (NCL) have finalized a deal for four new cruise liners, marking the largest single order ever placed with the shipbuilding company