Fincantieri Marine Group announced that its U.S. subsidiary was awarded a $30 million contract for materials procurement and engineering activities for the first four vessels in the U.S. Navy Medium Landing Ship order.
The award supports the immediate procurement of long lead time materials and the execution of engineering and critical industrial and production readiness activities for the first four vessels, enabling a start of construction as early as the fourth quarter of 2026.
This step represents a material acceleration for the LSM program and precedes a future award of construction contracts through the Vessel Construction Manager (VCM) model, subject to applicable approvals and contractual arrangements.
The LSM program enables distributed operations, enhanced littoral mobility, and the rapid maneuver and sustainment of forces in contested environments. Within the initial production phase, FMG is designated to build at least four vessels, reinforcing its role as a central industrial player in the program’s execution.
“The award of this contract represents an important step in the evolution of our long-standing partnership with the U.S. Navy. It reflects the confidence placed in the industrial capabilities built in the United States and in our ability to support complex naval programs with discipline, speed, and technical excellence. Through sustained investment, a skilled workforce, and a resilient industrial base, Fincantieri stands ready to support the Navy as they advance new operational concepts and future force requirements,” said Pierroberto Folgiero, CEO and managing director of Fincantieri.
