Wisconsin shipbuilder to receive $9.6m in US Navy and MARAD funding for production upgrades

The Fincantieri Marine Group (FMG) has said it will direct about US$9.6 million from the US Navy and the US Department of Transportation’s Maritime Administration (MARAD) towards workforce development and advanced manufacturing equipment at its Wisconsin shipyards.

The package comprises approximately US$8.3 million through the navy's Shipbuilding Capability Industrial Base (SCIB) programme and a US$1,273,202 MARAD Small Shipyard Grant.

Bay Shipbuilding in Sturgeon Bay will receive the MARAD award for a CNC profile cutter, along with a rough terrain crane with a 100-ton rating.

The US$9.6 million funding forms part of a US$35.18 million distribution to 45 shipyards across 24 states and one US territory.