Skip to contentConnecticut-based Electric Boat has landed a $967 million contract from the U.S. Navy for modifications to its Virginia-class fast-attack submarines with much of the work expected to be carried out at the company’s Groton shipyard. The General Dynamics company announced the contract in a Tuesday press release, which said the modifications would be conducted in Groton and other EB facilities in McLeansville, North Carolina; Newport News, Virginia; as well as Newport and Quonset Point, Rhode Island.Around 95% of the work will be completed in Connecticut, according to the...…Skip to contentConnecticut-based Electric Boat has landed a $967 million contract from the U.S. Navy for modifications to its Virginia-class fast-attack submarines with much of the work expected to be carried out at the company’s Groton shipyard. The General Dynamics company announced the contract in a Tuesday press release, which said the modifications would be conducted in Groton and other EB facilities in McLeansville, North Carolina; Newport News, Virginia; as well as Newport and Quonset Point, Rhode Island.Around 95% of the work will be completed in Connecticut, according to the...WW…

Skip to contentKroll Bond Rating Agency upgraded its long-term outlook for Connecticut’s transportation infrastructure bonds last week, moving the state’s Special Tax Obligation Bond rating from AA+ to AAA, its highest rating. In a Friday press release, the New York-based agency said the upgrade recognized the stabilization of fuel tax receipts after the conclusion of a gas tax holiday that ran from March of 2022 to April of 2023, as well as a more diverse slate of taxes including motor vehicle taxes and a highway use tax. The agency also pointed to the state’s bond covenant, a...…Skip to contentKroll Bond Rating Agency upgraded its long-term outlook for Connecticut’s transportation infrastructure bonds last week, moving the state’s Special Tax Obligation Bond rating from AA+ to AAA, its highest rating. In a Friday press release, the New York-based agency said the upgrade recognized the stabilization of fuel tax receipts after the conclusion of a gas tax holiday that ran from March of 2022 to April of 2023, as well as a more diverse slate of taxes including motor vehicle taxes and a highway use tax. The agency also pointed to the state’s bond covenant, a...WW…