Electric Boat

On Politics
10:21 am
Sat February 21, 2015

Reed says Electric Boat should use PLA on construction projects

Update: Sen. Jack Reed, the ranking Democrat on the Senate Armed Services Committee and Rhode Island’s senior senator, issued this statement via spokesman Chip Unruh on the hiring of Rhode Island union construction workers at the Electric Boat expansion projects at Quonset:

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Scott MacKay Commentary
4:39 pm
Fri February 20, 2015

Scott MacKay Commentary: Why So Few RI Building Trades Workers At EB Quonset Jobs?

General Dynamics Electric Boat's manufacturing site at Quonset Point in South County
Credit RIPR FILE

R.I. politicians love to talk about job-development plans. RIPR political analyst Scott MacKay wonders why they aren’t  doing more to ensure that Rhode Islanders are hired for the Electric Boat expansion in Quonset.

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The Bottom Line
3:34 pm
Fri January 16, 2015

The Bottom Line: Why Quonset’s Growing, Adding New Jobs

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week, news director Catherine Welch and Mark talk with managing director of the Quonset Development Corp, Steven King. They talk about the future growth of Electric Boat, new companies moving into the business park, and the role of the Quonset state airport.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

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Business
4:48 pm
Thu January 15, 2015

Electric Boat Expects To Hire Hundreds Of RI Workers in 2015

Electric Boat President Jeff Geiger tells lawmakers Thursday that EB will hire up to 600 people in 2015
Credit Catherine Welch / RIPR

The president of Electric Boat said there is opportunity ahead for the submarine maker. But there’s concern about the future of federal funding.

In his forecast to lawmakers, Electric Boat President Jeff Geiger said declining defense budgets and cuts out of Washington create an uncertain environment for the company.

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On Politics
5:35 pm
Tue November 4, 2014

Senate control at stake for Jack Reed

As U.S. Senate returns flow in later this evening from around the nation, the Rhode Island politician with the most at stake is U.S. Sen. Jack Reed, who is expected to coast to reelection.

First elected in 1996 to the seat held for 36 years by the late Claiborne Pell, Democrat Reed has accumulated enough seniority to become  chairman of the Senate Armed Services Committee, a crucial post for Rhode Island’s defense industry and the U.S. Navy installation in Newport that is anchored by the Naval War College.

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Business
1:47 pm
Tue July 8, 2014

Defense Sector Represents 7.1% of RI GDP

Electric Boat plans to double its workforce by 2028 to build a new class of submarines.
Credit File / RIPR

A new report finds defense workers are being paid the highest wages in Rhode Island. The state’s Defense Economy Planning Commission released the report, which focused on the industry’s economic impact last year.

It finds there are 16,000 defense workers in the state. Commission co-chair Senator Louis DiPalma said those jobs support other jobs.  “The 1.5 multiplier. So for every one job, there’s 1.5 additional jobs that can be multiplied by that. That’s a big deal,” said DiPalma.

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Business
2:03 pm
Tue April 29, 2014

EB Lands $17.6B Contract To Build Ten Submarines At Quonset

The $17.6 billion contract is for ten Virginia-class submarines.
Credit file / RIPR

General Dynamics has landed a $17.6 billion Navy contract to build submarines. The Virginia-class subs will be built at Electric Boat in Quonset Point. General Dynamics spokesman Bob Hamilton said this contract involves ten submarines, starting construction over the next five years at a rate of two per year.

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On Politics
2:48 pm
Wed March 19, 2014

The Real McKay in the U.S. Senate Contest

It isn’t a surprise that Rhode Island’s Republican Party is having a difficult time finding a credible candidate to take on Democratic incumbent U.S. Sen. Jack Reed.

Reed first won election to the U.S. House in 1990 and moved up to the Senate after the retirement of Sen. Claibone Pell. Reed has never lost an election and in recent campaigns has had easier and easier opponents.

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Economy
8:49 am
Thu December 19, 2013

Electric Boat Commits To Expansion In Rhode Island

General Dynamics Electric Boat in Quonset
Credit RIPR FILE

Submarine maker Electric Boat is expanding its presence in the state.

Electric Boat has signed a 25-year-lease that expands its footprint at the Quonset Business Park by 40 percent.   The company makes Virginia Class nuclear submarines for the Navy. The Navy recently doubled its order from one sub to two. Steve King, director of the Quonset Development Corporation which negotiated the lease, says the company will use the new space to accommodate the heavier workload.

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On Politics
12:07 pm
Wed June 26, 2013

RI House withdraws tax break for Electric Boat and large manufacturers

A special tax break deal  for large manufacturing companies that critics asserted was a giveaway to submarine manufacturer Electric Boat was withdrawn during last night’s  Rhode Island House debate over the $8.2 billion state budget proposal for the fiscal year that begins July 1.

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