Fincantieri: Constellation class cancelations part of a “reshaping” of partnership with the Navy

Fincantieri has released a statement providing more background on the Navy’s widely-reported decision to cancel four Constellation-class frigates.

Released by Fincantieri Marine Group (FMG), the statement says that FMG and the U.S. Navy have reached a “significant agreement that provides for reshaping the future of the Constellation-class Program, currently under construction at Fincantieri Marinette Marine (FMM), in Wisconsin. In this framework, Fincantieri is consolidating its strategic partnership with the Navy, confirming its role as a key player in defining the future of American maritime defense through advanced industrial capabilities and long-term investments.”

New classes of vessels

Fincantieri says that it expects to receive new orders to deliver classes of vessels in segments that best serve the immediate interests of the nation and the renaissance of U.S. shipbuilding, such as amphibious, icebreaking and other special missions.

Meantime, says Fincantieri, “the agreement encompasses the continuity of work for two Constellation-class frigates currently under construction and provides for the discontinuity of the contract for the four other Constellation-class frigates already under contract, reflecting the evolving strategic priorities of the U.S. Navy.

“On top of the aforementioned award of future orders, in order to cover the above, the agreement indemnifies Fincantieri Marine Group, on existing economic commitments and industrial impacts through measures provided by the U.S. Navy, as a result of the contractual decision made for its own convenience.

“This new arrangement guarantees continuity and workload visibility for Fincantieri’s personnel and the Wisconsin System of Yards – a vital pillar of the U.S. maritime industrial base –, capitalizing on the investments and expertise developed to date. Over the past years, Fincantieri has invested more than $800 million in its four U.S. shipyards, including Marinette, Green Bay, Sturgeon Bay, and Jacksonville, with the aim of ensuring maximum production efficiency, flexibility, and technological innovation. These investments have enabled the consolidation of an advanced industrial supply chain, capable of meeting the U.S. Navy’s new priorities, including rapid delivery, modularity, and scalability of naval platforms.”

• Read the full Fincantieri statement HERE

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