Leonardo DRS gets $45M US Navy investment to expand Goose Creek naval propulsion plant

Leonardo DRS received a $45 million U.S. Navy Submarine Industrial Base investment commitment through contracts with HII Newport News Shipbuilding. It will fund capabilities and a 40,000 sq ft expansion of its under-construction naval propulsion facility in Goose Creek, South Carolina, expected to open in 2026.

“The $45 million SIB investment will serve as a catalyst for a 40,000 square-foot expansion of the facility in support of capabilities critical to current and future U.S. Navy nuclear submarines and aircraft carriers.”streetinsider.com

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• streetinsider.comLeonardo DRS Receives $45 Million U.S. Navy Investment Commitment to Bolster US Submarine Industrial BaseFeb 24, 2025

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