TRIESTE – Fincantieri and the U.S. Navy have reached an important agreement that involves the redefinition of the future of the Constellation Program, currently under construction at the Fincantieri Marinette Marine (FMM) shipyard in Wisconsin. The agreement stems from the overall fleet review initiated by the U.S. Navy, aimed at a transition towards a future model oriented towards technological excellence, manned and unmanned units, and long-term sustainability,
In this context, the Fincantieri Group consolidates its strategic partnership with the U.S. Navy, confirming its role as a key player in defining the future of U.S. naval defense, thanks to advanced industrial capabilities and long-term investments.
In close collaboration with the U.S. Navy, Fincantieri will contribute to the construction of new classes of naval units. Fincantieri is expected to receive new orders for the construction of units in segments that best meet the country’s immediate interests and the revival of the U.S. shipbuilding industry, such as icebreakers, amphibious operations, and special missions: Fincantieri is indeed ready to execute the planned contracts in coordination with the U.S. Navy. Looking to the future and in line with the Group’s capabilities and industrial potential, Fincantieri will support the American Navy in redefining strategic choices in the segment of small surface combatants, both manned and unmanned.
The agreement ensures the continuation of work on the two Constellation-class frigates currently under construction, while it anticipates the discontinuation of the contract for the other four units already commissioned, in line with the U.S. Navy’s new strategic priorities.
In addition to the assignment of future orders, to cover the above, the agreement provides for compensation in favor of Fincantieri Marine Group, through specific compensatory measures, for the economic commitments and industrial impacts resulting from the U.S. Navy’s contractual decision, made for its own convenience.
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This new arrangement ensures continuity and visibility on workloads for Fincantieri personnel and for the Wisconsin shipyard system, a fundamental pillar of the U.S. naval industry, enhancing the investments and competencies developed to date. In recent years, Fincantieri has invested over 800 million dollars in its four American shipyards – Marinette, Green Bay, Sturgeon Bay, and Jacksonville – with the goal of ensuring maximum productive efficiency, flexibility, and technological innovation. These investments have made it possible to consolidate a state-of-the-art industrial supply chain, capable of responding to the new priorities of the U.S. Navy, including speed of delivery, modularity, and scalability of naval platforms.
Fincantieri Marine Group (FMG) currently employs approximately 3,750 highly specialized workers in the United States, with a recent increase of 850 units to support growth and strengthen its industrial base. This significant expansion testifies to the Group’s commitment to supporting the local economy and the broader national naval supply chain.
George Moutafis, CEO of FMG, stated: “The agreement with the U.S.
Navy marks a new chapter in our strategic partnership, founded on mutual trust, shared vision and the pursuit of excellence. The defined path for the Constellation program guarantees the necessary stability for our teams and the entire Wisconsin Shipyard System, allowing us to continue investing in innovation and skills. As the Navy prepares for new types of units, we are ready to support its evolving needs, leveraging the strength of our American facilities and the experience gained. Our investments in U.S. shipyards are proof of our long-term vision: to be a benchmark for the American naval industry and an engine to support the revival of national shipbuilding”.
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In the future development model, Fincantieri positions itself as one of the reference shipyards for the U.S. Navy, confirming its strategic role in support of the evolving needs of the U.S. Navy. The Group is ready to collaborate with all players in the supply chain to realize the newly defined path, continuing to develop the skills and expertise gained in its shipyards in the United States and supporting the sustainable growth of the sector.
