Charleston, South Carolina, is buzzing with excitement following the latest announcement from the Navy shipbuilder HII. They’ve laid out plans to acquire “substantially all of the assets” from local metal fabricator W International. This move is set to open up a brand-new location for the construction of submarine modules, with the project kicking off as soon as next year!
In a statement, HII expressed their commitment to enhancing capacity to meet the needs of the Navy. HII President and CEO Chris Kastner shared his enthusiasm, declaring that this expansion is not just an investment in physical space, but also in trained talent and state-of-the-art manufacturing abilities. “It lets us efficiently add trained talent and state-of-the-art manufacturing capabilities to the urgent job of building ships,” he said. This definitely feels like a significant shift in the industry’s landscape!
The deal includes a massive 480,000 square feet of manufacturing space situated on a spacious 45-acre site. Also, there will be access to essential transport lines, including a barge and rail services for moving completed modules back to HII’s Newport News Shipbuilding facility or General Dynamics Electric Boat. This newfound capability is set to speed up production and make operations much smoother!
Don’t worry about the existing workforce at W International; they won’t be left in the lurch! HII plans to offer job opportunities to “substantially all” of the current employees. This means a lot for the Charleston community as it helps retain local talent and brings stability in uncertain times.
When asked about the company’s immediate priorities, Jennifer Boykin, the outgoing president of Newport News Shipbuilding, was clear. She mentioned, “Submarines will be the first priority. That’s where we’re starting.” However, the large facility will also provide opportunities to build units for aircraft carriers, broadening their scope of work.
The timing of this acquisition is perfect, as there’s a growing push from the Navy and industry stakeholders to strengthen the submarine industrial base. The Navy has been collaborating with Texas-based BlueForge Alliance to recruit a whopping 100,000 shipyard workers over the next ten years. More recently, that goal has been revised upward to around 140,000 workers—which shows just how serious they are about fortifying this sector.
Additionally, the Navy has been proactive in securing agreements with private firms. For instance, they recently struck a deal with Austal USA to acquire land in Mobile, Alabama, specifically for submarine module construction. As a result, Austal has been expanding its operations to better support the booming submarine industry.
Overall, this acquisition marks a new chapter in naval construction in Charleston and beyond. With the establishment of increased production capabilities and job opportunities, there’s a vibe of optimism. As HII ramps up its operations, we can only hope that these developments will not only strengthen the Navy’s capabilities but also enrich the surrounding communities economically. So, stay tuned as the shipbuilding world gears up for a lively future!
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