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
Copyright © 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.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.orgMILAN: Italian state-owned shipbuilder Fincantieri won a contract worth approximately $1.3 billion from the U.・・・
www.arabnews.jpItalian 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.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.
www.marinelink.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.comThe 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.comFincantieri Marinette Marine Secures $1 Billion Contract for US Navy Frigates (IN BRIEF) The Department…
news.europawire.euShipbuilders have won a billion-dollar contract in the US
www.constructionbriefing.com