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Company announces $850 million shipyard expansion

September 21, 2018

GROTON, Conn. (AP) — Submarine builder Electric Boat has announced plans for an $850 million shipyard expansion in Connecticut.

The Day reports the company released plans for expanding its Groton shipyard Thursday as it prepares to build a new class of ballistic missile submarines.

Electric Boat says it plans to construct a new assembly facility and a floating dry dock.

The environmental consulting company helping with the project says the facilities will allow Electric Boat to bring the submarine materials to the site by water and help reduce construction traffic.

Some residents have opposed the project, arguing that it will impact their waterfront views and lower their property values.

Electric Boat says it looked at alternative sites, but none of them worked.

Construction on the buildings is expected to start in 2019.

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