Fincantieri Lands First U.S. Navy LSM Contract as Program Moves Toward Construction

Fincantieri has secured its first U.S. Navy contract tied to the Medium Landing Ship (LSM) program, marking a key step as the service pushes to accelerate a new class of vessels central to Marine Corps operations in contested littoral environments.

The company said its U.S. subsidiary, Fincantieri Marine Group, was awarded a $30 million contract covering long-lead materials procurement along with early engineering and production readiness work for the first four vessels. The award positions the program for a potential construction start as early as the fourth quarter of 2026.

The contract builds on the Navy’s February 2026 Request for Proposal