Keep pulling the thread on Port Alpha.
Production capacity is the primary constraint for the United States in fulfilling its foreign military sales orders.
Over the past two months, the US Department of Defense has incentivized traditional defense contractors to use their own private capital to expand production capacity.
Saronic's Port Alpha project is planned to be one of the world's largest shipyards focused on autonomous maritime platforms.
Saronic's corporate strategy is to leverage its commercial business to provide the US Department of Defense with wartime production capacity during peacetime.
A 'commercial first' approach is a major component of the US Department of Defense's acquisition transformation strategy.
The traditional US defense industrial base is characterized by fragility due to its reliance on unprofitable, sole-source suppliers that are bespoke to the defense industry.
US shipbuilders are unable to acquire steel at a lower cost than their counterparts in China.
US shipbuilders cannot achieve a lower per-hour labor rate than shipbuilders in China.
The first Marauder-class autonomous ship built by Saronic required approximately 50,000 labor hours.
A traditional naval destroyer requires between 7 to 9 million labor hours to construct.
Saronic is significantly expanding its shipyard facility in Louisiana.
Saronic is preparing to launch a new facility named Port Alpha.