The naval undersea business base is growing, and this growth provides significant opportunities for economic development within the Groton and New London region and across Connecticut. A recent Navy assessment found an urgent need to grow their fleet from 48 to 66 attack submarines. Since 2012, Electric Boat (EB) has hired approximately 4,000 new employees to meet the Navy’s production requirements of two submarines per year—and those numbers are expected to grow!
This growth also support an ecosystem of more than 400 naval supply chain companies across Connecticut. They too have grown and benefited significantly from the increased demand for submarine production. This unique growth period provides opportunities to not only increase production and employment but also to strengthen economic diversity and innovation locally.
The Consortium will build a network of companies that collectively addresses challenges, shares solutions, collaborates on opportunities, and capitalizes on the growing national undersea business base. By partnering with UConn, we can promote innovation and develop cutting-edge solutions to improve our products, reduce costs, rapidly put emerging technologies to use, and work with suppliers to develop the next generation of our workforce.
Just as the Aerospace Components Manufactures (ACM) consortium helped push Connecticut to the forefront of the global aerospace industry, our Consortium can do the same for the naval supply chain industry.
To establish an industrial consortium that enhances the global competitiveness of Connecticut’s naval undersea supply chain by identifying and addressing issues that hinder participation in the supply chain and encouraging local area firms to expand their offerings to meet demand.
The Consortium will organize networking activities that will focus on industry needs and strengthening of partnerships amongst naval supply chain companies across Connecticut. The robust ecosystem will help CT companies to secure more contracts from EB and other Original Equipment Manufacturers (OEM) worldwide. At the same time, this robust and reliable supply chain will allow EB to be highly successful in meeting the Navy’s production requirements.
The Consortium will leverage UConn resources to promote technology insertion within the supply chain and pursue federal funding for technology development and transition. These activities will promote innovation and startup opportunities while also creating economic diversity within the supply chain. The Consortium will also partner with UConn and other Connecticut universities/colleges to develop targeted strategies and programs to address workforce development needs specific to the naval supply chain. These programs will ensure that the naval supply chain ecosystem has a reliable and highly trained pool of talent. The main office and network hub will be located at UConn Avery Point Campus to leverage geographic proximity to Electric Boat and the Submarine Base.
Economic and Community Development Manager, Town of Groton