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Tuesday, July 08, 2014

Submarine Maker Plans R.I. Expansion

Ohio class SSBN replacementSubmarine maker Electric Boat plans to double its workforce in Rhode Island to build a new class of submarines under a $95 billion Navy program, welcome news in the state with the nation's highest unemployment rate.

The workforce at the North Kingstown manufacturing plant could double by 2028 to about 6,000 people, said Sean Davies, the site's general manager. That is roughly the same number of employees who built submarines there at the peak of the Cold War.

Rhode Island's economy has struggled to rebound since the Great Recession. The state's unemployment rate is 8.2 percent, considerably above the national average of 6.3 percent.

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