The Department of the Navy Naval Sea Systems Command awarded $220,020 to Fincantieri Marine Repair LLC on October 1, 2025, under the Improvement of Navy Ship Repair or Alterations Capability Program (CFDA 12.031) to acquire equipment supporting shipyard capacity expansion at its Jacksonville, Florida facility.
The award funds four equipment acquisitions: a mooring bollard upgrade, a press brake, an air compressor, and an ironworker. These projects increase fabrication capacity and support infrastructure at the shipyard's newly renovated pier-side berths. The mooring bollard upgrade enables larger vessels to berth during hurricane conditions. The air compressor integrates directly into the dock walls' pre-installed distribution system of utility trenches and piping.
The equipment purchases support Fincantieri Marine Repair's broader modernization of the former North Florida Shipyards property, which has already received over $25 million in capital improvements since acquisition. The company plans an additional $35 million in five-year investments and expects to expand its workforce from approximately 150 to 200–300 employees, primarily to service larger U.S. Navy vessels through acquisition of a new floating drydock.
Performance of work occurs in Jacksonville, Florida. The period of performance extends from October 1, 2025, through May 30, 2026, with $220,020 obligated. This is one of two federal project grants totaling $220,020 awarded to the recipient under CFDA 12.031 on the same date; both support equipment acquisitions for the same facility modernization initiative.