U.S. Navy Allocates $30M for New Ships at Fincantieri Marinette Marine
The U.S. Navy has awarded Fincantieri Marinette Marine a $30 million contract to initiate early work on the Landing Ship Medium program, which aims to construct at least four vessels. This development follows the Navy's cancellation of the Constellation-class frigate program, which resulted in significant layoffs at Fincantieri.
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The U.S. Navy's $30 million contract with Fincantieri Marinette Marine will facilitate early engineering and procurement for the Landing Ship Medium (LSM) program. The LSM vessels are designed for transporting marines and equipment, with potential construction for up to 35 ships in the future.
Initial work is set to commence immediately, positioning Fincantieri for future construction contracts, subject to funding. The Navy's Vessel Construction Manager model aims to streamline costs and schedules. Further production timelines for the LSM program remain unannounced, with additional contracts contingent on approvals.
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