Fincantieri snaps up $1 billion deal to build two more Constellation-class frigates for US Navy

Italian shipbuilding major Fincantieri, through its U.S. subsidiary Fincantieri Marinette Marine (FMM), has been awarded a contract worth over $1 billion to build the fifth and sixth Constellation-class frigates for the U.S. Navy.

The contract for the lead frigate and nine options, signed in 2020, has a cumulative value of $5.5 billion, including post-delivery availability support and crew training.

Fincantieri’s proposal is based on the FREMM frigate platform, the...