TYSONS CORNER, VA, May 3, 2018 — General Dynamics (NYSE: GD) is anticipated to invest an estimated $850 million to establish a new facility and expand operations in Connecticut in support of its General Dynamics Electric Boat subsidiary, ExecutiveBiz reported Wednesday.
The Connecticut Post reported Tuesday the company is set to receive $83 million from the state government to help fund the expansion, which will include a new dry dock to house the accelerated construction of the U.S. Navy‘s Columbia-class ballistic missile submarines, as well as the addition of nearly 2,000 workers across Groton and New London over a 17-year period.
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com