Here’s the latest I can summarize based on available reporting:
Fincantieri Marine Group recently disclosed a $30 million US Navy contract to procure materials and perform engineering for the first four vessels under the Navy’s Medium Landing Ship (LSM) program, with construction potentially starting as early as late 2026. This represents acceleration steps ahead of a formal construction award. [Source: MarineLog report dated April 14–15, 2026]
Earlier in 2025 there were reports that orders for four frigates under the US Navy program (FFG X/Constellation-class lineage) involving Fincantieri were canceled or restructured, signaling shifts in procurement before newer awards could be finalized. Details varied by source and year. [Source: Informare and related outlets, November 2025]
Historically, Fincantieri has won multiple US Navy contracts for frigates (notably the Constellation-class) at the Marinette, Wisconsin yard, with earlier awards in the 2019–2024 window totaling substantial program value, including multi-ship contracts and follow-on options. [Sources: US Navy/Defense press and industry coverage 2019–2024]
What these pieces collectively indicate:
If you’d like, I can monitor for updates and provide a brief, dated recap with direct quotes and contract values as soon as reliable sources publish them. Would you prefer I focus on the LSM program activity or track the Constellation-class frigate developments specifically?
Italian 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.comItalian shipbuilder Fincantieri said on Wednesday its Fincantieri Marine Group unit has won a $30 million contract with the U.S.
www.marinelink.comTrieste, May 24 2024 - The 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.
www.fincantieri.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.comThe technology could help the shipbuilder achieve a pace of two Constellation-class frigates per year, according to Fincantieri CEO Pierroberto Folgiero.
www.defensenews.comFincantieri wins $1.3 billion U.S. Navy contract to build four ships for Saudi Arabia
www.investing.comFincantieri Marinette Marine shipyard has been selected to build a class of up to 10 multimission guided-missile frigates (FFGs) for the Navy’s FFG(X) program…
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.orgOther orders are planned for the construction of new classes of naval units
www.informare.it