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Navy/USMC

Lawmakers Boost LSM Spending, Confirm Fincantieri As Shipbuilder But Warn On Cost Growth

Wednesday, January 21st, 2026

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Lawmakers Boost LSM Spending, Confirm Fincantieri As Shipbuilder But Warn On Cost Growth

Graphic model of the Damen Naval LST-100 landing ship transport 4,000 ton ship the Navy picked to become the new Medium Landing Ship (LSM) Block One. (Image: Damen)

Congressional appropriators added $800 million to the Navy’s Medium Landing Ship program (LSM) in the latest defense spending bill in order to help shift the shipyard building the two Constellation-class frigates to work on the new vessel while warning about rising prices. The funding would be on top of $1.96 billion designated for the LSM program in the July 2025 reconciliation bill, which covered procuring upwards of two vessels, advance procurement and Marine Corps LSM bridging solutions (Defense Daily, April…

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