
Top Navy officials on Thursday laid out the expected costs and timetable of the newly awarded Fincantieri FFG(X) frigate contract win and estimated follow-on vessels will stay below the target price of $800 million each. On April 30, the Navy awarded Fincantieri a $795 million contract for the detail design and construction (DD&C) of the FFG(X) over three rival bids. It includes options to deliver up to a total planned 10 ships at a total cost of $5.576 billion. The…