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Fincantieri, $1 billion contract for the development of US Navy frigates

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Fincantieri, $1 billion contract for the development of US Navy frigates

The US Department of Defense has awarded Fincantieri Marinette Marine (FMM), a subsidiary of Fincantieri, a contract value greater than $1 billion to construct the fifth and sixth Constellation-class frigates for the US Navy.

The authentic contract, signed in 2020, known as for the development of the primary frigate and an choice for 9 extra ships, with a complete worth of about $5.5 billion. This settlement additionally consists of after-sales assist and crew coaching.

Construction of the primary frigate, the longer term USS Constellation, is at the moment underway on the shipyard in Marinette, Wisconsin, which has lately undergone vital infrastructure enhancements.

Fincantieri Marinette Marine is the primary shipyard of the Fincantieri Marine Group (FMG), which owns two different shipyards within the Great Lakes area: Fincantieri Bay Shipbuilding and Fincantieri Ace Marine. FMG serves each industrial and authorities purchasers. In addition to the Constellation-class frigate venture, FMM is concerned within the Littoral Combat Ships packages for the US Navy and Multi-Mission Surface Combatants (MMSC) for Saudi Arabia, as a part of the US Foreign Military Sales plan.

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