submarine

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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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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