Malloy says that the “historic partnership” will help the company retain and grow their workforce by nearly 1,900, bringing it to more than 13,000 by 2034.
According to a release, it will also allow for more than $800 million to be invested in the state over the next 17 years, and “more than double their spending on in-state suppliers, which are located in 102 Connecticut cities and towns.”
“Since the American Revolution, the Provision State has earned its reputation as the Submarine Capitol of the World, thanks to our ingenuity and ceaseless resolve. From helicopters, to fighter jets and submarines, Connecticut is a worldwide leader in aerospace and defense manufacturing. 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. 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,” said Malloy.
Lieutenant Governor Nancy Wyman, along with other lawmakers and corporate executives joined Governor Malloy at a news conference in New London.
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“This is good news that will create jobs and strengthen the relationship between Electric Boat and the state of Connecticut for decades to come. Connecticut has proudly been home to Electric Boat for more than a century. I commend Governor Malloy, President Geiger, and their teams for ensuring EB’s continued leadership on defense,” said Lt. Governor Nancy Wyman .
“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. 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,” said Electric Boat President Jeffrey S. Geiger said.
As part of this partnership, the state will provide $20 million for dredging to add a new drydock and it will loan EB $35 million to get started.
“This investment sends a strong message to our U.S. Navy customer of Connecticut’s support and commitment to building a great submarine fleet,” said Geiger.
Folks at Muddy Waters Cafe learned of the so-called historic new partnership straight from the governor.
“We’re very honored that he did stop in and relay the news,” said Barry Neistat who owns the New London restaurant.
They’ve already noticed a lot of new workers.
“We do see people on weekends workers for Electric Boat that have moved into the area looking for things to do places to go,” said Neistat.
News 8 asked Kenneth DelaCruz, President of the Metal Trades Council, if he thought he’d ever see this day. “I’ll be honest with you,” he answered. “We had reservations when we shrunk down, like I said, less than 2,000 people.”
But now they’re growing. The state is also providing an $8 million grant for training like it has with the manufacturing pipeline.
“Connecticut State Colleges and Universities is proud to be a long term partner with Electric Boat in providing advanced manufacturing training and education to support their growth. Today’s announcement will enable CSCU to expand training programs in the Eastern region, at Three Rivers and Quinebaug Valley Community Colleges, to help Electric Boat and its manufacturing supply chain companies meet the skilled workforce needs in our state well into the future. We are always ready to work with our partners in the region like the Eastern Workforce Investment Board and the technical high schools, to fill the manufacturing pipeline with new students, and to help those students create a greater future for themselves,” stated Mark Ojakian, President of the Connecticut State Colleges and Universities system.
General Dynamics Electric Boat designs, constructs, and repairs submarines for the U.S. Navy.
EB is set to build 29 more Virginia Class submarines and 12 of the new Columbia Class subs.
It’s not just new submarines it’s also maintenance work which could be affected by this expansion.
Last year, Electric Boat lost out on a $385 million contract to overhaul the USS Boise. It doesn’t want to see that happen again.