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Fincantieri Wins $30M Contract for US Navy Landing Ship

April 24, 2023
2 min read
Sponsored by: Jumpseat Solutions
Key Takeaways
  • Fincantieri's US division wins $30 million contract for Landing Ship Medium program.
  • Contract covers early engineering and long-lead materials for first four vessels.
  • Program could include up to 35 ships, with construction starting as early as late 2026.
  • Fincantieri selected to build at least the first four ships.
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Strategic Implications

This contract award may signal the US Navy's confidence in Fincantieri's capabilities to support complex naval programs. The selection of Fincantieri for the initial phase could indicate a long-term partnership, which suggests a significant opportunity for the company in the US naval market.

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What Happened

Italian Shipbuilder Secures Early Work On Key Naval Program

Fincantieri’s US division has secured a $30 million contract for the US Navy’s Landing Ship Medium program, covering early engineering work and the purchase of long-lead materials for the first four vessels. The program aims to support Marine Corps operations in contested coastal areas, with the Navy planning to procure up to 35 ships. The contract allows work to begin immediately, with construction of the first hull potentially starting as early as late 2026. This development was first reported by The Maritime Executive.

Source

Companies Mentioned
Fincantieri Fincantieri Marine Group US Navy
Topics
Naval Contract Shipbuilding Defense Procurement Marine Corps Naval Operations
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Home › Categories › DEFENSE & SECURITY

Fincantieri Wins $30M Contract for US Navy Landing Ship

April 24, 2023
2 min read
Sponsored by: Jumpseat Solutions
Key Takeaways
  • Fincantieri's US division wins $30 million contract for Landing Ship Medium program.
  • Contract covers early engineering and long-lead materials for first four vessels.
  • Program could include up to 35 ships, with construction starting as early as late 2026.
  • Fincantieri selected to build at least the first four ships.
Sign in to view key takeaways Get full access to in-depth analysis and key takeaways.
Sign In
Silver membership required Upgrade to Silver to access Key Takeaways.
Upgrade
Strategic Implications

This contract award may signal the US Navy's confidence in Fincantieri's capabilities to support complex naval programs. The selection of Fincantieri for the initial phase could indicate a long-term partnership, which suggests a significant opportunity for the company in the US naval market.

Sign in to view strategic implications Get full access to strategic analysis and expert insights.
Sign In
Silver membership required Upgrade to Silver to access Strategic Implications.
Upgrade

What Happened

Italian Shipbuilder Secures Early Work On Key Naval Program

Fincantieri’s US division has secured a $30 million contract for the US Navy’s Landing Ship Medium program, covering early engineering work and the purchase of long-lead materials for the first four vessels. The program aims to support Marine Corps operations in contested coastal areas, with the Navy planning to procure up to 35 ships. The contract allows work to begin immediately, with construction of the first hull potentially starting as early as late 2026. This development was first reported by The Maritime Executive.

Source

Companies Mentioned
Fincantieri Fincantieri Marine Group US Navy
Topics
Naval Contract Shipbuilding Defense Procurement Marine Corps Naval Operations
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