The Farcos project: Femtoscope Array for Correlations and Spectroscopy, G. Verde (INFN, Catania), L. Acosta (INFN, Laboratori Nazionali del Sud), T. Minniti (Un. of Messina and INFN, Gr. Coll. Messina), E. V. Pagano (INFN, Lab. Nazionali del Sud), A. Chbihi (GANIL) and the Exochim/Chimera Collaboration − Correlations between two or more particles emitted during a nuclear reaction provide tools to study time properties of the reaction and can be used as well to explore spectroscopic properties of exotic clusters. The FARCOS project (Femtoscope ARray for COrrelations and Spectroscopy) is conceived as an array of double sided silicon strip detectors and CsI(Tl) crystals characterized by high angular and energy resolution. The array will address topics covering both nuclear dynamics and spectroscopy with stable and radioactive beams. The inclusion of detection techniques dedicated to neutrons is another key feature of planned equipment.  High resolution correlation measurements, addressed with imaging techniques, can be used to study emitting sources in heavy-ion collisions and probe the density dependence of the symmetry energy. Furthermore, the multiparticle correlation capabilities of the array are expected to allow to study unbound exotic clusters, multi-boson states in nuclei (such as multiple-alpha states and decay configurations) and use these information as important tools for spectroscopy studies. The array will be characterized by a high flexibility in order to couple it to 4pi existing detectors. The first use of it will be meant to increase the scientific reach of the Chimera and the INDRA detectors at the LNS of Catania and at GANIL. Other configurations will include coupling to magnetic spectrometers, neutron detectors and tracking devices in experiments using radioactive beams.  An important aspect of Farcos will be represented by its pulse-shaping capabilities that will allow the detection and identification of particles and fragments moving at low energies and stopped in the first layer of the silicon strip detector. These pulse-shape techniques will be of fundamental importance in order to study particle and fragment correlations even in low energy reactions at the future Spiral2 and Spes facilities, as well as at higher energies available with Eurisol. The electronics under development will play a special attention to new technologies in generic and integrated electronics with programmable firmware features that make the detectors adaptable to different requirements in terms of dynamic range, timing constraints and resolution.