Fincantieri Marinette Marine Receives $3M for Marine Infrastructure Upgrades
Fincantieri Marinette Marine (FMM), a pivotal player in the maritime industry, is set to receive a significant boost from the State of Wisconsin to enhance its shipbuilding capabilities. The funding is part of a broader initiative to strengthen marine infrastructure and support economic development in the region.
Harbor Assistance Grant for FMM
The State of Wisconsin has allocated $3 million to FMM to improve marine infrastructure along the Menominee River. This grant is part of the Harbor Assistance Program, which aims to bolster supply chain reliability and support waterborne freight. The funds will be used for various improvements, including:
- Dredging operations
- Repairing dock walls
- Installing mooring bollards and fenders
These upgrades will ensure the safe navigation and mooring of vessels built at the FMM shipyard, which is crucial for the company’s ongoing operations and support for the U.S. Navy.
Impact on FMM and the U.S. Navy
FMM is the prime defense contractor for the U.S. Navy’s newest class of ships, the Constellation-class Frigates. The first of these ships is expected to be delivered in 2029, with contracts for five additional vessels already in place. The Navy’s long-term requirements for more than 20 of these frigates position FMM as a key shipyard for decades to come.
“These efforts will help us operate safely and continue to be a strong and vital community partner as we support the U.S. Navy,” said Mark Vandroff, CEO of FMM. Marco Galbiati, CEO of Fincantieri Marine Group, expressed gratitude towards WisDOT Secretary Kristina Boardman and Gov. Tony Evers’ administration for their commitment to improving Wisconsin’s maritime infrastructure.
Investment and Partnership
FMM has invested over $300 million in the past three years to modernize its facilities and create an efficient shipyard. The company’s success is attributed to teamwork and shared commitment, highlighting a strong partnership with Wisconsin. This collaboration is essential for maintaining and enhancing the state’s maritime capabilities.
Conclusion
The $3 million Harbor Assistance Grant to FMM is a strategic investment in Wisconsin’s marine infrastructure. It will not only enhance FMM’s shipbuilding capabilities but also strengthen the state’s support for the U.S. Navy. As FMM continues to build the Constellation-class Frigates, this funding ensures the shipyard’s ongoing success and economic contribution to the region.
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