Saronic Technologies’ Post

Saronic Technologies Investing $300 Million to Expand Franklin Shipyard, Creating 3,200 Jobs in Louisiana’s Bayou Region FRANKLIN, La. – Saronic Technologies, Inc. is expanding operations in St. Mary Parish to increase production capacity at its autonomous surface vessels shipyard. The $300 million investment will strengthen Louisiana’s advanced manufacturing base and create new opportunities for skilled workers in one of the state’s most historic maritime communities. The company is expected to create 1,500 direct new jobs with an average annual salary of $87,936 at full employment, which is 46% above the average St. Mary Parish wage. When Saronic acquired the shipyard in April, it retained the existing workforce of 35 employees and has since grown to more than 100. Louisiana Economic Development estimates the project will result in an additional 1,770 indirect new jobs, for a total of 3,270 potential new job opportunities in the Bayou Region. “Saronic Technologies’ decision to invest in Louisiana speaks to the strength of our workforce and the state’s leadership in defense manufacturing,” Governor Jeff Landry said. “Louisiana has long built the ships and technology that keep America strong. This project shows that our people, our ports and our pro-growth policies are creating jobs and securing our state’s place at the forefront of America’s defense economy.” The expansion will add more than 300,000 square feet to the company’s shipyard in Franklin, including construction of three new slips, a larger warehouse and a new production line dedicated to large-vessel assembly. These additions will expand Saronic’s shipbuilding capabilities and help meet rising demand for autonomous vessels in the defense and commercial sectors.