Berkshire Hathaway’s Marmon Aerospace & Defense has broken ground on a new 80,000-square-foot manufacturing facility in Hooksett, New Hampshire.
Upon completion, by the fall of 2023, the plant is expected to bring an additional 20 production jobs to the area. The company will invest $30 million in the new facility, which will house a state-of-the-art manufacturing operation producing large shipboard power cables to support the U.S. Navy and its ship-building network.
The new operation will complement the company’s current product line at its plants in nearby Manchester, New Hampshire, and in Naples, Florida.
“This new facility will broaden Marmon’s military shipboard cable product offerings, which already include power, data, instrumentation, control, and communications cables,” said Robert Canny, Marmon Aerospace & Defense Group president. “We are pleased to make this investment in service to our customers, our team, and our community.”
Marmon Aerospace & Defense, is wholly-owned by Berkshire Hathaway under its Marmon Holdings division. The company has locations in Manchester, New Hampshire and Naples, Florida that manufacture wire and cable solutions for the key defense markets of land, air, sea, and space.
© 2022 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.