Join our crew and become one of the 105,982 members that receive our newsletter.

Fincantieri Awarded $526 Million Contract for Fourth Constellation-Class Frigate for U.S. Navy

Photo courtesy of Fincantieri Maritime Group

Fincantieri Awarded $526 Million Contract for Fourth Constellation-Class Frigate for U.S. Navy

Josh Guerrlich
Total Views: 6474
May 19, 2023

The U.S. Department of Defense has announced a $526 million contract for a fourth Constellation-class frigate for the U.S. Navy at Fincantieri Marinette Marine.

Fincantieri received the contract for the first Constellation-class frigate, the future USS Constellation, back in April 2020 at an initial cost $795 million. Construction began in August 2022 and the launch is expected in 2026. 

The contract included options for up to nine additional vessels, which could bring the total contact value to $5.5 billion. So far the Navy has exercised three of the options for more vessels. 

“We at Fincantieri Marine Group are proud to lead the Constellation program, and along with our partners and suppliers, we remain committed to building tomorrow’s Navy,” said Marco Galbiati, CEO of FMG.

The Constellation-class frigates are designed as a small surface combatant with multi-mission capability including air warfare, anti-submarine warfare, surface warfare, electronic warfare, and information operations. All of the frigates will be built at Fincantieri’s Marinette Marine shipyard in Marinette, Wisconsin.

Former U.S. Navy Secretary Kenneth Braithwaite named the class Constellation back in 2020 in honor of the first U.S. Navy ships authorized by Congress in 1794. The lead ship will be the fifth Navy ship to bear the name Constellation.

Fincantieri initially constructed ships for the Italian Navy, but has grown to become one of the world’s most diversified shipbuilding groups with 21,000 employees in 18 shipyards on four continents. The company operates in the U.S. through its subsidiary Fincantieri Marine Group, with its three shipyards—Fincantieri Marinette Marine, Fincantieri Bay Shipbuilding and Fincantieri ACE Marin—all located in Wisconsin on the Great Lakes.

Unlock Exclusive Insights Today!

Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.

Sign Up
Back to Main
polygon icon polygon icon

Why Join the gCaptain Club?

Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.

Sign Up


Maritime and offshore news trusted by our 105,982 members delivered daily straight to your inbox.

gCaptain’s full coverage of the maritime shipping industry, including containerships, tankers, dry bulk, LNG, breakbulk and more.