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General Dynamics Eyes $850M Investment for Submarine Builder Expansion in Connecticut

TYSONS CORNER, VA, May 3, 2018General 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.

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