Madison- On Thursday, the U.S Department of Defense (DoD) announced that Fincantieri Marinette Marine will receive an additional $553.8 million to continue their work in building the US Navy’s powerful fleet of guided-missile frigates.
In 2020, the Marinette-based company was awarded an $800 million contract to build the first-in-class guided-missile frigate – given the name USS Constellation (FFG-62). This most recent award will bring to life the second Constellation class frigate. When all is said and done, Fincantieri Marinette Marine will have the potential to earn ten contracts, totaling $5.5 billion.
Sen. Eric Wimberger (R-Green Bay) applauded the announcement, saying: “This is great news for Northeastern Wisconsin. The Marinette Marine contract will help create hundreds of family supporting jobs and strengthen the U.S. military. It speaks volumes to the highly skilled workforce that live and work in Wisconsin.”
Fincantieri Marinette Marine is the largest employer in the region and they continue to expand, offering good-paying, family-supporting jobs throughout Northeast Wisconsin. The FFG program is estimated to create up to 1,000 new jobs across three Wisconsin-based shipyards (Marinette, Sturgeon Bay, Green Bay) plus thousands of additional induced jobs throughout the state.
Sen. Mary Felzkowski (R-Tomahawk) commented: “Time and again, Marinette Marine have proven themselves to be a reliable, steadfast cornerstone of economic development for our region. The effects of this contract will ripple past the new jobs it provides and enable so many small businesses in the area to thrive and grow. ”