Fincantieri Marinette Marine receives $1 billion contract to build 2 Constellation-class frigates

The Department of Defense has awarded Fincantieri Marinette Marine a contract to build two U.S. Navy frigates, according to the daily Pentagon contract announcements.

The contract, valued at more than $1 billion, is for two Constellation-class Frigates, FFG 66 and FFG 67. The Navy selected the company to build the Constellation-class frigate in 2020.

“The team at Fincantieri Marine Group is committed to support the U.S. Navy, and the Constellation program will be the centerpiece of our portfolio for decades,” said Marco Galbiati, CEO of Ficantieri Marinette Marine, in a news release.

The company received the contract for the lead ship of the Constellation-Class in April 2020, and since then, the Navy has exercised five options for follow-on vessels. The lead ship, the future USS Constellation FFG 62, is under construction now at the newly revamped Wisconsin shipyard. With five ships waiting to be built and contract options for four more vessels.

In a separate announcement by Navy Secretary Carlos Del Toro, the FFG-66 will be named USS Hamilton while in New York City for the Navy’s Fleet Week event.

“Secretary Hamilton was a fierce advocate for our nation to establish a Navy,” Del Toro said in the release.

USS Hamilton, the fifth of the new Constellation-class frigates, was appropriated in 2024. The other ships in the class are USS Constellation (FFG 62), USS Congress (FFG 63), USS Chesapeake (FFG 64), and USS Lafayette (FFG 65), which Secretary Del Toro named last year in France.

Ariel Perez is a business reporter for the Green Bay Press-Gazette. You can reach him at APerez1@gannett.com or view his Twitter profile at @Ariel_Perez85.

This article originally appeared on Green Bay Press-Gazette: Fincantieri Marinette Marine gets $1 billion contract for 2 frigates