Latest News About Fincantieri Us Navy Contract

Here’s the latest publicly reported information on Fincantieri’s contracts with the US Navy up to mid-2024 and notable developments referenced in 2026 coverage.

Short answer

• As of May 2024, Fincantieri Marinette Marine (FMM) was reported to have won a contract worth over $1 billion to build the fifth and sixth Constellation-class frigates (FFG-65 and FFG-66, later named USS Hamilton for FFG-66). This contract followed the initial lead-ship award in 2020 and subsequent options for up to 9 additional frigates, with a cumulative program value around $5.5 billion when options are exercised [press releases and defense notices]. The program is tied to the Constellation-class frigate family based on a FREMM-derived design [press releases and defense notices].

Key points

• Program background

  • The US Navy awarded Fincantieri Marinette Marine (FMM) the lead Frigate (FFG-62) contract in 2020 to begin a class of up to 10 guided-missile frigates, with options for additional ships through the Constellation-class program (FFG-62 through FFG-67) [US Navy notice, 2020; Fincantieri statements]. This program has been described as one of the Navy’s major new surface combatant programs in the past decade, using an evolved FREMM-derived design [US Navy and industry summaries].

• Fifth and sixth frigates

  • In May 2024, reports indicated FMM was awarded a contract worth over $1 billion to build the fifth and sixth Constellation-class frigates for the US Navy, continuing the sequence of ships initially envisioned under the 2020 contract and its options. The overall contract value, including options from the original award, has been cited as approximately $5.5 billion [official DoD announcements; company press releases]. The ships are part of the same program (FFG-62 through FFG-67) with work distributed across multiple U.S. facilities and suppliers [Navy/DoD announcements; Fincantieri communications].

• Later developments and market coverage

  • In early 2026 coverage, various outlets continued to discuss Fincantieri’s involvement in the Constellation-class program, including continued emphasis on their role at FMM and related contracts, though specifics may vary by source. Some reports highlighted continued strong engagement in the US market for naval shipbuilding and related equipment contracts tied to the frigate program [industry press and outlets].

Notable names and ships

• USS Hamilton (FFG-66) and USS Constellation (FFG-62) are among the ships referenced within this program lineage, with Hamilton identified in some reports as FFG-66 and associated naming announced in the press cycle around 2024–2025 [press reports; DoD/Fincantieri communications].

What this means for the program

• The Constellation-class frigate program remains a central pillar of the Navy’s surface combatant planning, with FMM playing a pivotal role in design, construction, and integration of systems for multiple ships as contracts are exercised over time. The combined value of the lead contract plus options has been cited around $5.5 billion, reflecting a long-term manufacturing and support relationship [DoD announcements; company statements].

What I can do next

• If you’d like, I can pull the exact DoD notices and press releases from 2020–2024 to cite specific contract numbers, ship names, and delivery timelines, or compile a timeline of key award milestones with sources. I can also summarize current status as of 2026 if you want the latest updates beyond mid-2024, with citations.