Fincantieri Marine Group LLC

Fincantieri Marine Group LLC (Fincantieri Bay Shipbuilding Division, doing business as Bay Shipbldg Corp) performs vessel repair, drydock maintenance, and maritime infrastructure work as a prime contractor for federal agencies, with 91% of recent awards as prime and the balance as a subcontractor on Navy construction programs. The company is a foreign-owned, for-profit manufacturer and a subsidiary of Consiglio Nazionale Delle Ricerche (a foreign government research entity), headquartered in Sturgeon Bay, Wisconsin. The vendor competes on an unrestricted, full-and-open basis across all active awards — no set-asides appear in the portfolio.

Fincantieri Bay's capability footprint is dominated by ship repair and maintenance. Primary NAICS concentrates on 336611 (Ship Building and Repairing), with secondary work in general manufacturing and warehousing. Recent prime contract work includes a $4.47 million firm fixed-price definitive contract from the U.S. Coast Guard (awarded June 2025, extended through October 2026) for unplanned drydock repairs to USCGC Sequoia, a 225-foot Coastal Buoy Tender, covering fire prevention requirements, main reduction gear overhaul, drydock temporary services, sea trials, and towing; a $3.16 million Coast Guard definitive contract (July 2024) for drydock repairs to CGC Mackinaw including hull inspection and preservation, mechanical system cleaning and testing, deck covering renewal, and cathodic protection maintenance; and a $249,319 purchase order from the Department of Interior Fish and Wildlife Service (July 2026) for repair work on the research vessel Spencer Baird. On the federal grant side, Fincantieri Bay is a recipient under the Department of Transportation Maritime Administration's Assistance to Small Shipyards grant program (CFDA 20.814), including a $1.2 million project grant (July 2022 through July 2024) for modernization of graving dock pumps at its Sturgeon Bay facility and a multi-year project grant (awarded July 2023, ultimate completion September 2028) to acquire ship module stands and heavy-duty ramps for cargo transfer infrastructure.

Coast Guard dominance shapes customer concentration. Eighty-nine percent of awards by count funnel through the Department of Homeland Security U.S. Coast Guard (71 awards, $13.8 million combined potential value), with secondary exposure to the Department of the Navy Secretary of the Navy ($2.7 million across two awards) and the Department of Transportation Maritime Administration. The two customer rankings align tightly around Coast Guard; other customer-agency scatter is minimal in both volume and dollars. Active parent vehicles include Special Operations Equipment - Tailored Logistics Support (4 task orders), Indefinite Delivery Contract DACW3583D0017 (2 task orders), and Basic Ordering Agreement DACW4974D0027 (1 task order).

Activity has contracted sharply from six awards in 2022 to one in 2026, with only three awards (combined potential value $4.7 million) reaching ultimate completion within the next twenty-four months. Fincantieri Bay subcontracts to Atlantic Diving Supply, Inc. on Coast Guard launch and recovery system and TRX7 dual system work (four sub awards, October 2022 through November 2024) and to Marinette Marine Corporation on FFG(X) Guided Missile Frigate detail design and construction, providing blast and prime work (five sub awards, March 2022 through October 2022).