Fincantieri and the US Navy have reached an agreement that will provide for reshaping the future of the Constellation-class Program.
“The agreement reached with the U.S. Navy marks a new chapter in our strategic partnership, built on mutual trust, a shared vision and commitment to excellence. The path forward defined on the Constellation-class program provides for the necessary stability for our teams and the entire Wisconsin System of Yards, allowing us to continue investing in innovation and skills. As the Navy transitions to new vessel types, we stand ready to support their evolving needs, leveraging the strength of our American facilities and the expertise we have fostered. Our investments in the U.S. shipyards are a testament to our long-term vision: to be a cornerstone of the U.S. maritime industrial base and a driving force to sustain the momentum of the national shipbuilding renaissance the American shipbuilding renaissance," CEO of Fincantieri Marine Group, George Moutafis, stated.
As part of a general fleet review that was launched by the US Navy, aimed at transitioning towards a future model focused on technological excellence, manned and unmanned vessels, and long-term sustainability, the US Navy has cancelled plans for the next four frigates under the Constellation-class Frigate Program.
The first two ships of the program are currently under construction at Fincantieri Marinette Marine (FMM), in Wisconsin. Due to the cancellation, Fincantieri shall help deliver new classes of vessels. The company expects to receive new orders to deliver classes of vessels in segments that best serve the immediate interests of the US, such as amphibious, icebreaking and other special missions.
Fincantieri will support the US Navy as it redefines strategic choices in the Small Surface Combatants segment, manned or unmanned.
The agreement has encompassed the continuity of work for two Constellation-class frigates currently under construction and provides for the cancellation of the contract for the four remaining frigates already under contract. The agreement has also indemnified Fincantieri Marine on existing economic commitments and industrial impacts through measures provided by the US Navy.