Italian shipbuilding group Fincantieri announced its U.S. arm Fincantieri Marine Group, Washington, D.C., has been awarded a $30 million U.S. Navy contract for materials procurement and engineering work on the first four Landing Ship Medium (LSM) vessels, formally launching the initial phase of a program that could ultimately cover 35 vessels built at shipyards in Wisconsin and Mississippi.
The contract funds the procurement of long-lead-time materials and engineering and production readiness activities needed to support a construction start at Fincantieri Marinette Marine, Marinette, Wis., as early as the fourth quarter of 2026. It follows a Feb. 18 Navy announcement that Fincantieri Marine Group would build four units under the LSM program.
