PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


General Dynamics to Expand Groton Shipyard

Wednesday, May 9, 2018

More items for Program/Project Management
More items from North America

Comment | More

General Dynamic Electric Boat recently announced that it will be spending roughly half of its $1.7 billion multi-year capital expenditure plan on upgrading its Groton, Connecticut, manufacturing facility, part of a larger move to allow for building the Columbia-class nuclear powered ballistic missile submarine.

The economic development plan includes spending $852 million on upgrades for the Groton facility, covering new machinery; a third dry dock, which will require $20 million on dredging the Thames River; and manufacturing superstructure.

Shipyard Expansion

According to USNI News, GDEB pledged to increase annual spending to more than $500 million on parts and materials from several hundred Connecticut-based suppliers.

U.S. Navy

General Dynamic Electric Boat recently announced that it will be spending roughly half of its $1.7 billion multi-year capital expenditure plan on upgrading its Groton, Connecticut, manufacturing facility, part of a larger move to allow for building the Columbia-class nuclear powered ballistic missile submarine.

“Our state’s partnership with General Dynamics Electric Boat will ensure that thousands of good-paying manufacturing jobs continue to grow for years to come,” said Connecticut Gov. Dannel Malloy. “This isn’t just a good deal for southeastern Connecticut, it’s a good deal for residents across the state, where over 700 supply chain companies with locations in over 100 towns will see increased demand from the best submarine maker in the world.”

With the Navy planning to purchase 12 Columbia-class submarines—each costing $7.3 billion—the new group of submersibles will be replacing Ohio-class nuclear ballistic-missile submarines. This investment from the Navy is part of pitches from the Pentagon to Congress regarding a steady, predictable flow of money during budget requests.

Connecticut is offering GDEB $20 million in tax breaks and up to $35 million in loans to help purchase new machinery, and the loans may qualify for forgiveness if the company meets employment targets. The shipbuilder is also eligible for an $8 million state grant to train employees hired by subcontractors.

“This investment provides crucial support for the workforce development and facility expansion that will help Electric Boat grow, increase its economic contribution to the region, and continue to deliver the world’s most capable submarines to the U.S. Navy,” said GDEB president Jeffrey S. Geiger. “It will also improve our competitive position, help us to secure additional work in the future, and solidify the region’s title of Submarine Capital of the World.”

   

Tagged categories: Business operations; Marine; Shipyards; Submarine; U.S. Navy

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Tarps manufacturing, Inc.
 
QUALITY MADE IN AMERICA —Available near you!
 
CLICK to get a behind-the-scenes look at how Tarps Manufacturing makes the highest-quality tarps right here in the USA — available nationwide.
 

 
SAFE Systems, Inc.
 
Custom blast rooms
by SAFE Systems
 
Don't waste time and money "making do" with a "standard" design. Let us work with you to design and build the system that best fits your requirements.
Call 1-800-634-7278
 

 
Industrial Vacuum Equipment Corp.
 
Hurricane Vacuums
& Dust Collectors
 
Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com
 

 
SABRE Autonomous Solutions
 
Repeatability
 
The ALPHA1 provides reliable results consistently allowing you to cost your next job with confidence.
 

 
Jotun Paints Inc.
 
Jotun Jotachar 1709
 
Mesh-free passive fire protection epoxy designed to protect against hydrocarbon pool fire scenarios for up to four hours as defined in the ANSI/UL1709 standard.
 

 
HoldTight Solutions Inc.
 
Full Surface Protection for Up to One Year
 
HT 365 is a preservation, single component, anti-corrosive coating, a water displacing agent, a lubricant, and a penetrating fluid. It creates an imperceptible thin-film coating that offers excellent salt contaminant and humidity protection. Contact your HoldTight® representative or visit Holdtight.com for more information.
 

 
SSPC: The Society for Protective Coatings
 
http://www.sspc.org/
 
Join SSPC and Enhance
Your Career !
 

 
Carboline Company
 
New product: Carbozinc® 608 HB
 
Introducing a new high build zinc-rich primer that can save you time and money by eliminating the epoxy intermediate coat!
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
ARC / A.W. Chesterton Company
 
Mils Ahead of the Competition
 
Excellent chemical resistance where erosive particulates and thermal cycling conditions may be present.
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy Policy (Updated 5/24/2018)   |   Terms & Conditions   |   Support   |   Site Map   |   Search   |   Contact Us