Search

Saronic Raises $600 Million With Sights On Building Modern Shipyard For Big Autonomous Vessels

Saronic Raises $600 Million With Sights On Building Modern Shipyard For Big Autonomous Vessels
Saronic’s 24-foot Corsair autonomously navigating open waters in the Gulf of Mexico. The company's future Port Alpha shipyard will build unmanned vessels far larger than Corsair. Photo: Saronic

Autonomous surface vessel developer and manufacturer Saronic has closed a $600 million funding round for a downpayment on a new waterside shipyard the company has conceived around advanced manufacturing methods for the design and construction of vessels far larger than its current family of products. Saronic will discuss with federal and state governments the “best strategic location” of Port Alpha, which the company will invest “billions of dollars” in over the life of the shipyard, Dino Mavrookas, co-founder and CEO,…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.



Congress Updates

Appropriators Press For Details On Iran War Costs; DoD’s $29B Estimate Doesn’t Include Base Damage

The Pentagon estimates the U.S.’ ongoing conflict with Iran has now cost at least $29 billion, while a lead official noted the updated figure does not factor in damage to […]


Appropriators Offer Skepticism On $350B Defense Reconciliation Plan, ‘Big Risk’ For Key Initiatives

Senate and House Appropriators told Pentagon leadership on Tuesday they’re skeptical of the department’s plan to fund $350 billion of the fiscal year 2027 defense budget through the reconciliation process, […]


All Future Systems Should Have Autonomy Features, Reed Says

Last week, Sen. Jack Reed (D-R.I.) visited North Kingstown, R.I.-based Senesco, which is teaming with autonomous systems company Havoc to bid on the U.S. Navy’s Medium Unmanned Surface Vessel program. […]


Senate Appropriators Concerned With DoD’s Reconciliation Plan For Top FY ‘27 Priorities, Aide Says

Senate defense appropriators have concerns with the Pentagon’s decision to include key fiscal year 2027 funding priorities, such as critical munitions and drones production, among its request for $350 billion […]