$850 Million. Nearly 2,000 Jobs. Electric Boat Looks To Expand Its Groton Shipyard
24 Oct 2018
Maritime Industry
Electric Boat plans to spend $850 million to significantly expand its Groton shipyard as the Navy picks up the pace of submarine construction and design to face down threats from China and Russia.
The subsidiary of General Dynamics Corp. is building two Virginia-class attack submarines a year and is designing the ballistic Columbia-class submarines to be ordered from 2021 to 2035, replacing the aging Ohio-class subs.
To keep up with demand for the two submarine programs, Electric Boat projects it will need 18,000 workers by 2030. The workforce reached 16,500 last year, the most in 25 years.
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