Fincantieri Marinette Marine Awarded Contract for Third Frigate

The U.S. Navy has announced 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 Dario Deste, Fincantieri Marine Group president and CEO. 

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 the company the opportunity to build the second ship, FFG 63: the future USS Congress.

Fincantieri has nearly completed its $300 million construction and renovation project, which is aimed at enabling the construction of two frigates each year.