CEO: Electric Boat could double in size in 6 years
Maritime Industry
As Groton’s Electric Boat began construction of the first submarine in the U.S. Navy’s new Columbia ballistic-missile class, the CEO of parent company General Dynamics said Wednesday she anticipates the subsidiary doubling in size over the next half decade, a faster expansion than previous projections.
Electric Boat operates Connecticut’s single largest employment site in Groton where about 9,000 people work at the shipyard, with another 3,000 at an engineering center across the Thames River in New London.
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General Dynamics Electric Boat announced Thursday a $9.5 billion U.S. Navy contract for the first step in construction of the next-generation Columbia class nuclear submarine to be built at its shipyards in Groton and Quonset Point, Rhode Island.The massive project will be a significant boost to the submarine manufacturer and...