A Wisconsin shipbuilder won a contract for up to 10 frigates on Tuesday, beating out three other shipbuilders, as the Navy seeks to build smaller, lethal warships during a time of growing threats.
The $795 million contract calls for Fincantieri Marinette Marine to move forward with design and construction of the lead ship, with options for up to nine more frigates, the Navy announced Thursday. The contract carries a value of $5.6 billion if all 10 ships are built, the Navy said.