The U.S. Department of Defense announced that the Navy is exercising an option of approximately $555 million to have Fincantieri U.S. subsidiary, Marinette Marine (FMM), build the second Constellation-class guided-missile frigate.
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ABB has secured an order of around $150 million to deliver a comprehensive scope of technologies to power next-generation cruise ships built by Italian shipbuilder Fincantieri. ABB will equip five newbuild vessels with Azipod electric propulsion, which has a proven ability to significantly reduce fuel consumption on board. Each cruise ship will be powered by twin Azipod units, bringing the
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