Italian Shipbuilder Secures Deal For Four Vessels Under LSM Program
Italian shipbuilder Fincantieri has secured a $30 million contract with the US Navy for materials procurement and engineering activities for the first four vessels under its Medium Landing Ship program. The award will enable the start of construction as early as the fourth quarter of 2026 and represents a significant step forward for the program. The contract was awarded to Fincantieri’s Marine Group unit and is subject to applicable approvals and contractual arrangements, as reported by Marine News Magazine.