Posted on October 19, 2026
Fincantieri, a global leader in complex shipbuilding, is moving forward with $10 million in new U.S. Navy and U.S. Maritime Administration (MARAD) funding for advanced manufacturing and workforce investments across its Wisconsin shipyards through its U.S. subsidiary Fincantieri Marine Group (FMG).
The investments will accelerate ongoing modernization of Fincantieri’s Wisconsin System of Shipyards, adding advanced cutting, forming, welding, and automation capabilities that will improve production efficiency and strengthen the shipyards’ ability to execute the Landing Ship Medium (LSM) program and other current and future shipbuilding requirements. The initiative is part of Fincantieri’s broader commitment to expanding U.S. shipbuilding capacity, enhancing workforce readiness, and supporting the long-term competitiveness of the American maritime industrial base.
The approximately $8.3 million Navy Shipbuilding Capability Industrial Base (SCIB) funding and $1.3 million MARAD Small Shipyard Grant build on Fincantieri’s long-standing investments in its U.S. shipyards to expand and modernize American shipbuilding.
“This investment is an important demonstration of the Navy’s confidence in Fincantieri, our people and our ability to be a partner in strengthening American shipbuilding,” said George Moutafis, CEO of Fincantieri Marine Group. “It also complements our efforts to put proven advanced manufacturing technologies into the hands of our employees so that we can deliver at speed. Together, these investments are helping create the industrial capabilities, skilled workforce and modern infrastructure needed to support the Navy’s future fleet requirements.”
The Navy agreement also enables Fincantieri to continue to offer its Employee Dependent Care Contribution Program through 2027. The annual tax-free $5,000 payment has helped employees offset childcare and elder care costs.
Previous Navy SCIB funding supported the development of a new Weld Lab at Fincantieri Marinette Marine, currently underway, that will bring more welding training, qualification and recertification in-house and help accelerate skills development for the shipyard workforce. The facility will also provide a model for expanding in-house skilled-trade development across FMG’s Wisconsin shipyards, building on its existing training partnerships and programs, to expand its reach and accelerate the development of the company’s workforce.
Since establishing its presence in the United States two decades ago, Fincantieri has steadily expanded its American industrial footprint, investing more than $800 million in its U.S. shipyards and transforming them into one of the most advanced and capable shipbuilding networks in the country. Through Fincantieri Marine Group, the company employs approximately 3,000 skilled American workers and continues to invest in advanced technologies, workforce development and industrial infrastructure to support the U.S. Navy and the long-term growth of the American maritime industrial base.
Together with the technology, industrial expertise and global shipbuilding experience from Fincantieri Group, FMG is using these investments to accelerate the development of the people, infrastructure and production capabilities needed to build ships faster and more efficiently in America.
Fincantieri is one of the world’s largest shipbuilding groups, the only player active in all high-complexity marine industry sectors. The Group is a leader in the construction of cruise ships, naval and offshore vessels, and stands out for its extensive experience in the development of underwater solutions, thanks to its integrated industrial structure capable of managing and coordinating all activities related to the commercial, defense, and dual-use sectors. It holds a strong presence in key markets also thanks to the internalization of high value-added, distinctive technologies; it is also a leader in sustainable innovation and in the digital transformation of the shipbuilding sector. The company is active in the field of mechatronics, electronics, and digital naval systems, as well as in cybersecurity, artificial intelligence, and marine interiors solutions. It also offers a wide range of after-sales services, including logistics support and fleet assistance.With over 230 years of history and more than 7,000 ships built, Fincantieri is a global player with a production network of 18 shipyards worldwide and over 24,000 employees; It maintains its know-how, expertise and management centers in Italy, where it directly employs approximately 13,000 workers and creates around 90,000 indirect jobs.
In the U.S., Fincantieri is led by Fincantieri Marine Group, who oversees three Wisconsin shipyards and a repair and sustainment facility in Jacksonville, Fla.
