Fincantieri Marinette Marine

The US Navy aims to have new frigates based on an American design in the water by 2028, according to Jason Potter, the Navy's acting acquisition executive. The service plans to use a design approach that separates finalizing the ship's design from construction.

The U.S. Navy's decision to cancel 16 of 20 planned Constellation-class frigates represents a major setback for Fincantieri Marinette Marine and raises critical questions about the nation's maritime industrial base.