Fincantieri Marinette Marine Awarded Contract for Third Frigate

leader of ship repair and maintenance companies
June 16, 2022

WASHINGTON D.C. – June 16, 2022 – The U.S. Navy announced today that Fincantieri Marinette Marine is on contract to build a third Constellation-class Frigate, the future USS Chesapeake.

This announcement follows last month’s successful critical design review of the first-in-class FFG-62, which is nearing the start of construction. The value of this contract option is approximately $536 million.

“We are pleased with the award, and our focus remains on working with the Navy to build the best frigate in the world,” said Fincantieri Marine Group President and CEO Dario Deste.

Fincantieri Marinette Marine received the initial frigate contract in April 2020 for the lead ship and nine additional options. Last year the Navy exercised the first option, giving FMM the opportunity to build the second ship, FFG-63, the future USS Congress. The initial FFG contract was valued at $5.5 billion, if all options are exercised.

Fincantieri is nearly complete with its $300 million construction and renovation project aimed at enabling construction of two frigates each year. Wisconsin Governor Tony Evers was in Marinette last month for the dedication of one of the newest buildings in the shipyard, the massive ‘Building 34’, where two 500-ft. ships can be erected and finished side-by-side in a climate-controlled environment.

FMM was also recognized recently by the Shipbuilders Council of America for its efforts to build ships safely. FMM garnered both the “Excellence in Safety” and “Improvement in Safety” awards, while another Fincantieri shipyard, Bay Shipbuilding, also received accolades from SCA for continued improvement on an already impressive safety record.

All of the Fincantieri shipyards in Wisconsin are hiring, and the company unveiled a new paid apprenticeship program last week. For more information on available jobs and apprenticeships, please visit www.fincantierimarinegroup.com/careers.

About Fincantieri

Fincantieri, one of the world’s largest and most diverse shipbuilders, employs more than 20,000 shipbuilding professionals in 18 shipyards on four continents. Fincantieri has a rich history dating back more than 234 years and has built more than 7,000 ships. Fincantieri operates in the United States through its subsidiary Fincantieri Marine Group (FMG). This company, which serves commercial and government customers, including the U.S. Navy and Coast Guard, has three shipyards (Fincantieri Marinette Marine, Fincantieri Bay Shipbuilding and Fincantieri ACE Marine) located in Wisconsin on the Great Lakes.

For more information:
Eric Dent
Director of Communications
Fincantieri Marine Group
(202) 488-4783


Headquarters Washington DC
655 15th St NW, Suite 450
Washington, DC 20005
Fincantieri Marine Group - GBO
2465 Marina Circle
Green Bay, WI 54304
ACE Marine
201 S Pearl Street
Green Bay, WI 54303
Marinette Marine
1600 Ely Street
Marinette, WI 54143
Bay Shipbuilding
605 N 3rd Avenue
Sturgeon Bay, WI 54235