Wednesday, February 16, 2011

Party Venue London

Electric Boat Corp. has not been relocating the workers from Norwich to the New
London plant they purchased from Pfizer Inc. last year. EB is hoping to finish
its lease in Norwich’s industrial park and they might even consider extending the agreement,
depending on the business. EB currently employs 400 workers and has completed two
years in the five-year lease at the Stanley Israelite Norwich Business Park.
After the meeting at the Mystic Marriott Hotel & Spa in Groton, president Jhon
Casey said that they are happy with what they have currently at Norwich. He also
mentioned that if their programs grow, they might keep it at Norwich.

After Casey’s speech, Robert Nardone, EB’s Vice president of human resources and
administration said that they hope to keep the Norwich plant.

Casey also mentioned that the work for repair and assembly employees at Gorton
shipyard may decline in the second half of the year.“Through March there’s a good
quantity of work, But beyond that it looks a bit dusky. The second half of the
year looks a little slow on the Groton waterfront.” Casey said.

Casey also mentioned that the company has strengthened its relationship with its
Most important customer , The US Navy.
“In an atmosphere where the Defense Secretary Robert Gates is looking for budget
savings,EB has done an impressive job in justifying its contracts.”, U.S. Rep.
Joe Courtney, D-2nd District, said.

He also said that the atmosphere isn’t going to take any turns soon, and
that they will have to be cautious.
Department of Economic and Community Development Commissioner Joan McDonald said
“ The State government wants to continue its “strong partnership” with EB”

Since 1989, EB will produce two submarines instead of one in 2011 for the first
time.

Congress has given a nod for more than $600 million for programs related to the nuclear
missile-armed Ohio-class submarine and Electric Boat is expecting $1 billion next
year for other programs including the design work, Casey said. EB plans to build 12 for the
US Navy and 4 for Britain. The price for the submarines has not yet been decided,
but the estimate seems to hover around $100 million.

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