2023-04-12 09:32:12 ET
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BAE Systems ( OTCPK:BAESY ) said Wednesday it has started construction of its $200 million Pearlson Shiplift and land-level repair complex in Jacksonville, Florida.
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The construction and operation of the complex is expected to generate about 1,000 new jobs.
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The complex will feature a new state-of-the-art shiplift system built by Pearlson Shiplift Corporation. T
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BAE Systems also expects to expand its offerings within the commercial ship repair market, in addition to supporting the Navy’s surface fleet.
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BAE Systems begins building its $200M ship repair complex in Florida