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Marinette Marine awarded $5.5 billion Navy contract

Wisconsin-based Marinette Marine, a subsidiary of Fincantieri, has been awarded a U.S. Navy contract for up to 10 new guided-missile frigates, worth more than $5.5 billion over 15 years.

The contract is expected to create 1,000 jobs at the shipyard and more than 5,000 jobs, directly or indirectly, across northeast Wisconsin.