WASHINGTON — The Navy has kicked off a new public-private partnership with advanced manufacturing company Hadrian, and opened a new facility in Cherokee, Ala., that will make components for both the Virginia and Columbia-class submarine programs.
The new facility, known as Factory 4, is the first of three facilities that Hadrian plans to open that will produce systems for the maritime industrial base, the result of merging more than $1.5 billion in private capital and $900 million in government funding from the Navy.
Secretary of the Navy John Phelan said that this public-private partnership is a “novel transaction” that ensures the service is investing in “outcomes, not promises.”
“The Department of the Navy has a stake in the outcome, and American…
more
Source breakingdefense.com
Terms of use and third-party services. More here.