Fincantieri S.p.A. engages in designing and building ships in Italy. It specializes in the construction of cruise ships and large ferries. The company involves in the fields of construction, repairs, and upgrading of merchant ships, naval vessels, and large pleasure craft. It also builds military field with various product types, including surface vessels and submarines. In addition, it designs and manufactures mechanical products for industrial and marine applications that include steam turbines, fin stabilizers, transverse tunnel thrusters, reduction gears, shaft lines, steering gears, heeling plants, propellers, and diesel engines. Further, the company operates shipyards, as well as offers ship repair and conversion services. Fincantieri S.p.A. was formerly known as Finanziaria Cantieri Navali - Fincantieri S.p.A. The company was founded in 1959 and is based in Trieste, Italy. Fincantieri S.p.A. operates as a subsidiary of Fintecna Spa.