(WLUK) — The U.S. Navy announced Thursday Fincantieri Marinette Marine was awarded a contract to build the Navy’s new frigate.
The initial contract is worth almost $800 million for one guided missile ship.
If all options are exercised on the contract, Marinette Marine will deliver the first 10 FFG (X) ships for a total of more than $5.5 billion.
Awesome!
This is a big deal not just for MM, but for their component subcontractors as well. Years of work go into earning these defense contracts. It certainly helped that they’ve built such a successful track record with the current LCS program. Good news to end the week.
Thank you to all involved in the process, including the company and politicians, both GOP and Democrats.