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July 5, 2016Local Group Invests $64 Million in Mixed-Use Portfolio in City Center at Oyster Point
July 15, 2016Newport News Shipbuilding today announced a 52,000-square-foot expansion of Newport News Industrial Corporation’s (NNI) headquarters located in Oakland Industrial Park. The facility will be expanded to house production areas, heavy cranes and plate-forming equipment. The expansion will support the company’s heavy steel fabrication in the commercial nuclear power industry and will create at least 120 new skilled trades jobs. Additional parking will also be added to support the larger workforce. The expansion is scheduled to be completed in fall 2017.
“Newport News Shipbuilding and its subsidiary, Newport News Industrial, continue to be driving forces within the local, regional, and State economy. Today’s announcement strengthens their competitive position in the commercial nuclear power industry, and positively impacts the City with economic growth and job opportunities for our citizens,” said City Manager Jim Bourey.
Pete Diakun, the Shipyard’s Vice President of Energy Programs, announced the expansion and was joined by other Newport News Shipbuilding executives, along with City Council members, the Newport News Economic/Industrial Development Authority Board of Directors and members of the business community.
Newport News Industrial, a subsidiary of Newport News Shipbuilding, was incorporated in 1965 with a mission to support the design and construction of commercial nuclear power plants. The company’s focus later expanded to offer a variety of industrial services to the Energy and Petrochemical industries in addition to federal government clients. Newport News Shipbuilding is a division of Huntington Ingalls Industries. Learn more about Newport News Industrial or watch this video to learn about heavy steel fabrication.