Private company

Marinette Marine

Shipbuilding company In Wisconsin, US

Fincantieri Marinette Marine (FMM) is an American shipbuilding firm in Marinette, Wisconsin. Marinette Marine was a subsidiary of Manitowoc Marine Group of Wisconsin from 2000 to 2009, when it was sold to Fincantieri Marine Group.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 20, 2026.

Overview

1942Founded1
  • Industryshipbuilding1
US Navy 080114-N-8273J-009 Chief of Naval Operations (CNO) Adm. Gary Roughead takes a tour of Marinette Marine Shipyard
Photo: U.S. Navy photo by Mass Communication Specialist 1st Class Tiffini M. Jones, Public domain, via Wikimedia Commons4

Fincantieri Marinette Marine (FMM) is an American shipbuilding firm in Marinette, Wisconsin. Marinette Marine was a subsidiary of Manitowoc Marine Group of Wisconsin from 2000 to 2009, when it was sold to Fincantieri Marine Group.2

Corporate structure

Marinette Marine is part of a group headed by Fincantieri. 23 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Marinette Marine Corporation (MMC) was founded on the Menominee River in Marinette, Wisconsin, in 1942 as part of the growth in the American shipbuilding industry during World War II.

In 2000, Marinette Marine, a privately held company, was purchased by The Manitowoc Company for approximately $48 million. In August 2008, the Manitowoc Company announced that it had signed an agreement to sell their Manitowoc Marine Group division, which includes Marinette Marine, to Fincantieri Marine Group Holdings, Inc. and minority investor Lockheed Martin. The sale was completed in January 2009, to Fincantieri. The net purchase price in the all-cash deal was approximately $120 million.

Since its founding, Marinette Marine has produced more than 1,300 vessels. While primarily a producer of commercial vessels, it has also taken a number of contracts for the United States Navy, primarily for auxiliary vessels. Most recently, Marinette Marine became part of a team with Lockheed Martin to produce one of two littoral combat ship designs for the Navy, resulting in the launch of the USS Freedom in September 2006. In 2010, Marinette Marine bid for work on the Ship-to-Shore Connector, which would replace the Landing Craft Air Cushion (LCAC).

In April 2020, it was announced that Fincantieri Marinette Marine had won the contract to produce the United States Navy new Constellation-class multimission guided-missile frigate.

In 2019, Vice President Mike Pence and Secretary of Labor Eugene Scalia spoke at Marinette Marine Shipyard, praising the Trump administration's support for American manufacturing industries and vocational education. One year later, during the 2020 presidential election, President Donald Trump held a re-election rally at the shipyard, with Wisconsin State Assembly representatives John Nygren and Mary Felzkowski touting his administration's manufacturing policy, military expansion, and the United States–Mexico–Canada Agreement.

As of 2023, Fincantieri Marinette Marine is planning to overhaul and expand its yard facilities as part of winning a contract to construct the Constellation-class frigates. The changes will accommodate the larger size of the frigates versus the littoral combat ships, and will alter the way the yard launches ships.

From Wikipedia’s article on Fincantieri Marinette Marine, shared under CC BY-SA 4.0.3

Products and brands

All Marinette Marine facilities are located on the Menominee River in Marinette, Wisconsin. Some of the specific facilities they comprise are as follows:

300,000 square feet (30,000 m2) of indoor ship construction space

53,000 square feet (4,900 m2) of indoor warehousing and receiving space

Ship launching facility for up to 4,500 long tons

Read the full text

Ship transport system for up to 1,600 tons

Ship module movers for up to 160 tons

275 ton yard crane

100 ton yard crane

40 ton yard cranes

From Wikipedia’s article on Fincantieri Marinette Marine, shared under CC BY-SA 4.0.3

Subsidiaries and ownership

Parent company

Owners

Former owners and parents

From Wikidata.1

Timeline

  1. 2009Acquired Acquired by Fincantieri Marine Group1
  2. Dec 31, 2008Acquired Acquired by Fincantieri Marine Group1
  3. 2000Acquired Acquired by The Manitowoc Company1
  4. 1942Founded Founded1