Here’s the latest available information I can share.
- Fincantieri won a US Navy contract for materials procurement and engineering for four vessels under the Medium Landing Ship (LSM) program, with construction potentially starting in late 2026. The award value is about $30 million and is described as enabling an accelerated start to the LSM program ahead of future construction contracts. [citation: Marine Link article dated April 14–15, 2026][1]
- Separately, in 2024 and 2025, Fincantieri Marinette Marine (FMM) secured more than $1 billion contracts for the fifth and sixth Constellation-class frigates, part of the program that originally started in 2020 with a total package value around $5.5 billion including options. These contracts reflect ongoing US Navy frigate work handled by FMM. [citation: Fincantieri press release May 23, 2024; Ocean News July 2024][5][7]
- Media coverage in April 2026 also highlighted a broader $1.3 billion US Navy contract around the same period, though details vary by source and may refer to different components or related procurements within the Constellation-class program. [citation: Arab News (April 8, 2026); Market sources summarizing the figure][2][9]
If you’d like, I can pull the most current official DoD/US Navy announcements or reputable trade outlets and provide a concise timeline with contract values, ship counts, and yard locations. Also, I can summarize how this fits into Fincantieri’s broader US-Navy program strategy. Would you like me to assemble a quick digest with citations?
Sources
Italian shipbuilder Fincantieri said on Wednesday its Fincantieri Marine Group unit has won a $30 million contract with the U.S.
www.marinelink.comThis post has been updated to include additional information from the Navy. The Navy awarded a $795-million contract to Fincantieri to begin building a new class of guided-missile frigates, in the first new major shipbuilding program the service has started in more than a decade, the Navy announced today. Fincantieri beat out what was originally four other competitors, who were asked by the Navy to take a mature parent design and evolve it to meet the Navy’s needs for potential high-end...
news.usni.orgFincantieri Marinette Marine Secures $1 Billion Contract for US Navy Frigates (IN BRIEF) The Department…
news.europawire.euThe Department of Defense has announced that Fincantieri’s US subsidiary, Fincantieri Marinette Marine (FMM), has been awarded a contract worth over one billion US dollars to build the fifth and sixth Constellation-class frigates for the US Navy.
oceannews.comCopyright © BusinessAMBE 2023 Key takeaways Fincantieri is seeking new contracts with the US Navy, despite the cancellation of the Constellation frigate programme. The company sees opportunities...
sa.marketscreener.comShipbuilders have won a billion-dollar contract in the US
www.constructionbriefing.comU.S. stocks, Saudi stocks, stock trading and investment platforms
www.sahmcapital.comItalian shipbuilder Fincantieri said on Wednesday its Fincantieri Marine Group unit has won a $30 million contract with the U.S. Navy for materials procurement and engineering activities for the...
www.marketscreener.comThe Department of Defense announces that Fincantieri’s US subsidiary, Fincantieri Marinette Marine (FMM), has been awarded a contract worth over 1 billion US dollars to build the fifth and sixth Constellation-class frigates for the US Navy. The contract for the lead frigate and 9 options, signed in 2020, has a cumulative value of 5.5 billion US dollars, including post-delivery availability support and crew training. Fincantieri secured this high-profile tender, distinguishing itself among...
www.fincantieri.comMILAN: Italian state-owned shipbuilder Fincantieri won a contract worth approximately $1.3 billion from the U.・・・
www.arabnews.jp