Constellation Frigate Cancellation: Impact on Navy and Fincantieri
WASHINGTON — The U.S. Navy’s abrupt cancellation of 16 of 20 planned Constellation-class frigates represents a watershed moment for the defense industrial base, particularly for Fincantieri Marinette Marine, the Wisconsin shipyard that won the initial contract in 2020. Navy Secretary John Phelan announced the decision via social media last week, stating: “From day one I made it clear: I won’t spend a dollar if it doesn’t strengthen readiness or our ability to win.” The announcement follows years of cost overruns and schedule delays on what was initially a $20 billion program.