Fincantieri Marine Repair LLC

Fincantieri Marine Repair LLC, a foreign-owned partnership headquartered in Jacksonville, Florida, operates as a prime contractor delivering ship repair, maintenance, and modernization services to the U.S. Navy, U.S. Coast Guard, and the U.S. Army, competing exclusively on full-and-open (non-set-aside) federal contracts and grants. The company is a subsidiary of Fincantieri Marine Systems North America, Inc. and holds a robust portfolio of indefinite delivery contracts valued at approximately $3.32 billion with Naval Sea Systems Command, plus additional Army and mixed-service IDIQs totaling over $520 million combined.

Fincantieri Marine Repair's capability footprint centers on preventive and corrective maintenance, repair, and modernization of guided-missile destroyers (DDG class), Littoral Combat Ships (LCS class), U.S. Coast Guard cutters, and Army watercraft. Core technical competencies include systems modernization incorporating Reliability Centered Maintenance Systems (RCCS) upgrades, combat system sustainment, fabrication and welding services, and shore-based and afloat maintenance availabilities. Representative prime work includes a $5.44 million delivery order from U.S. Fleet Forces Command (Atlantic Fleet) in October 2025 for USS JASON DUNHAM (DDG 109) maintenance and modernization at Naval Station Mayport, Jacksonville; a $4.25 million February 2026 delivery order for USS SANTA BARBARA (LCS 32) vessel repair and maintenance performed in Bahrain under the Littoral Combat Ships Class Sustainment Execution Contract – West Coast Part III; a $6.1 million delivery order in December 2024 for USS MASON (DDG 87) maintenance and repair at Mayport under the Surface Ships – Emergent Maintenance, Continuous Maintenance and Chief of Naval Operations Availabilities IDIQ; and a $6.6 million U.S. Coast Guard contract in December 2025 for maintenance and repair of USCGC GLEN HARRIS and USCGC CLARENCE SUTPHIN, performed in Bahrain through September 2026.

Customer concentration sits heavily with Naval Sea Systems Command, which anchors 12 awards totaling $3.32 billion in combined potential value—the dominant driver of the portfolio's $3.88 billion ceiling. U.S. Fleet Forces Command (Atlantic Fleet) places 14 awards valued at $27.1 million, concentrated in DDG-class and LCS destroyer maintenance. The U.S. Army's TACOM Life Cycle Management Command recently awarded three multiple-award IDIQs on January 30, 2026, totaling $522.2 million ceiling for the Army Watercraft Sustainment Maintenance (AWSM) Program across three geographic zones (CONUS Zone 1, OCONUS Zone 2, and Pier Side Zone 3 in Jacksonville) through July 2031, signaling Army expansion of the vendor's role beyond Navy work. The U.S. Coast Guard and Department of Transportation Maritime Administration round out the customer set.

Fincantieri Marine Repair holds five primary parent contract vehicles. The Littoral Combat Ships Class Sustainment Execution Contract – West Coast Part III (NAVSEA, $1.676 billion ceiling through May 2030) accounts for four task orders valued at $8.6 million; the Surface Ships – Emergent Maintenance, Continuous Maintenance and Chief of Naval Operations Availabilities IDIQ (NAVSEA, $701.1 million ceiling through April 2029) drives nine task orders at $18.3 million; the NWRMC Surface Ship Repair, Maintenance, and Modernization vehicle (NAVSEA, $943.9 million ceiling through January 2029) carries one task order at $10 thousand; two Basic Ordering Agreements with U.S. Fleet Forces Command (Atlantic Fleet) execute destroyer and LCS maintenance work with no dollar ceiling specified; and three newly awarded Army Watercraft Sustainment Maintenance IDIQs ($241.4 million CONUS Zone 1, $211 million OCONUS Zone 2, and $69.8 million Pier Side Zone 3) run through July 2031. The Navy vehicles represent the mature, revenue-generating backbone; the Army watercraft IDIQs are recent awards (January 2026) with minimal task-order activity to date (three $1,000 start-of-work meetings issued February 15, 2026).

Award activity has accelerated from one award in 2023 to fourteen in 2024, twelve in 2025, and twelve in 2026 year-to-date. Only three awards (combined potential value $10.9 million) reach ultimate completion within the next twenty-four months, indicating a low near-term recompete exposure against the $3.88 billion portfolio; most renewal exposure sits beyond 2028. The vendor obligated $32.7 million (approximately 1% of combined potential value) as of the source date, reflecting the early-stage drawdown of newly awarded IDIQs against high ceilings.

Fincantieri Marine Repair subcontracts primarily with Lockheed Martin Corporation on Littoral Combat Ship Freedom Variant combat system sustainment, in-service engineering support, and LCS-25 flight test support (four sub-awards from July through November 2024), and with Weeks Marine, Inc. on coastal engineering work including beachfill projects in New Jersey (five sub-awards in March 2024). Subcontract work accounts for 23% of the award count (nine of thirty-nine total awards).

The vendor received two federal project grants from Naval Sea Systems Command totaling $220,020 under the Improvement of Navy Ship Repair or Alterations Capability Program (CFDA 12.031) awarded October 1, 2025, to fund mooring bollard upgrade, press brake, air compressor, and ironworker equipment acquisitions designed to expand shipyard fabrication capacity and support the planned acquisition of a new floating drydock. An earlier $874,079 grant from the Department of Transportation Maritime Administration under the Assistance to Small Shipyards program (CFDA 20.814) awarded July 18, 2023, funded a water blast, wastewater treatment system, and three temporary fabric shelters to enhance ship construction and repair operations. These grants support the vendor's broader Jacksonville facility modernization initiative, including $25 million in capital improvements and planned $35 million in five-year additional investments intended to increase workforce from approximately 150 to 200–300 employees by facilitating larger-vessel servicing capacity.

Primary work performance occurs in Jacksonville, Florida (Naval Station Mayport and the vendor's shipyard facility) and Bahrain (forward-deployed maintenance for LCS and DDG operations). The vendor's core NAICS footprint is Ship Building and Repairing (28 awards), with secondary exposure in Other Heavy and Civil Engineering Construction (five awards) driven by Army watercraft work.