For Immediate Release: June 25, 2020
Marinette, Wisc. – President Donald J. Trump visited Fincantieri Marinette Marine today following the shipyard’s recent contract award to design and build the first-in-class guided-missile frigate for the Navy.
President Trump toured the shipyard where Littoral Combat Ships are currently produced. He met with several Marinette Marine employees during his visit and offered remarks to a group of more than 700 employees, partners and local guests.
“We are honored to have the President here in Marinette,” said Dario Deste, President and CEO of Fincantieri Marine Group. “It means so much to the men and women who put their hearts and souls into building tremendous warships for this country.”
It was an historic day for the Marinette team. Trump is the first U.S. president to visit the shipyard. During his remarks, Pres. Trump congratulated the workers. “You are a national treasure. Your patriotism cannot be outsourced. You will forge the future of the Navy.”
In late April, Fincantieri Marinette Marine was awarded the frigate contract worth $5.5 billion, if all options are exercised by the Navy. The initial contract of $795 million is for the detailed design and construction of the first guided-missile frigate, with options for nine additional ships.
Global shipbuilding giant Fincantieri bought Marinette Marine in 2009 and invested $180 million in it over the next decade. Now they are poised to invest an additional $200 million into infrastructure and improvements to accommodate work on larger ships.
“We are grateful of the President, Congress, and the Navy for their continued faith and confidence in our ability to give them the world’s greatest frigate,” said Deste.
Fincantieri is one of the world’s largest shipbuilding groups and has built more than 7,000 vessels in over 230 years of maritime history. It is a leader in cruise ship design and construction and a reference player in all high-tech shipbuilding industry’s sectors, from naval to offshore vessels, from high-complexity special vessels and ferries to mega-yachts, ship repairs and conversions, systems and components production and after-sales services.
Fincantieri Marine Group
Fincantieri operates in the United States through its subsidiary Fincantieri Marine Group (FMG). This company, which serves commercial and government customers in the US, including the U.S. Navy and Coast Guard, has three shipyards (Fincantieri Marinette Marine, Fincantieri Bay Shipbuilding and Fincantieri ACE Marine) located in the Great Lakes. www.fincantierimarinegroup.com
Point of Contact: Eric Dent, Director of Communications | Fincantieri Marine Group
Eric.email@example.com | (202) 488-4783