Fincantieri Finishing $300M Shipyard Renovations, a Big Bet on the US Navy’s Frigate Plans

MARINETTE, Wisc. — Right now, the single 4,000-ton Multi-Mission Surface Combatant vessel only fills up a fraction of the space in cavernous “Building 34” of Fincantieri Marinette Marine’s Wisconsin-based shipyard. But the company is finishing up $300 million in shipyard renovations, hoping it’ll pay off if and when 34 is just about full and hosting two new 7,000-ton frigates every year for the US Navy.