OCCAR

OCCAR is the Organisation Conjointe d'Armement, the procurement agency for the defense ministries of France, Germany, Italy, and the United Kingdom. It manages the acquisition of major defense equipment and systems on behalf of its member nations.

Why it’s in the news: It is in the news for awarding a $4.2 billion contract for new destroyers to a joint venture between Italian shipbuilder Fincantieri and defense firm Leonardo.

Latest on OCCAR

• OCCAR awards $4.2B DDX destroyer contract to Fincantieri, Leonardo joint venture

Connections

4 entities linked to OCCAR across the news graph.