MARINETTE, WI – (Wisconsin Radio Network) – A U-S Navy contract valued at almost 800 million dollars could mean up to a thousand new jobs to the Marinette area. Fincantieri Marinette Marine will build up to 10 guided-missile carrying frigates.
The Department of Defense says the contract could be worth more than five-and-a-half billion dollars over the next 15 years if all of its options are exercised. The basic contract calls for one frigate to be built with an option for nine more.
Marinette Marine’s bid won a competition against shipyards in Alabama, Maine, Mississippi and Maryland.
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