The Maritime Executive reports that Fincantieri’s US shipbuilding business is proceeding with federally supported upgrades in Wisconsin. The report identifies approximately US$8.3 million from a Navy industrial-base programme and a US$1.3 million Maritime Administration small-shipyard grant.

The reported work covers manufacturing technology and workforce development, including equipment for cutting, forming, welding and automation. The funding figures are reported awards; they are not a forecast of the shipyards’ future output.

Figures in the source report +
Reported figures and the conditions attached to them.
FigureValueUnitContext
Reported Navy industrial-base funding8.3million USDapproximately, as reported
Reported MARAD small-shipyard grant1.3million USDreported award
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Source: The Maritime Executive · original report