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Navy Announces New Public-Private Partnership To Build More Sub Manufacturing Facilities

Rich Abott By
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Navy Announces New Public-Private Partnership To Build More Sub Manufacturing Facilities
Virginia-class submarine USS Hyman G. Rickover (SSN 795) is moored pierside during a commissioning ceremony at Naval Submarine Base New London in Groton, Conn, on October 14, 2023 (U.S. Navy Photo)

The Navy on Friday announced it is partnering with private industry in an acquisition of the Alabama Shipyard in Mobile, Ala., to construct additional submarine manufacturing facilities. This specifically includes facilitating the United Submarine Alliance (USA) Qualified Opportunity Fund LP (the USA Fund) to acquire and build facilities on the 355-acre Alabama Shipyard to prioritize investments in maritime infrastructure, specifically focused on submarine production. The USA Qualified Opportunity Fund is an infrastructure fund managed by CapZone Impact Investments, a private…

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