Prep Work

摘要

The Norfolk, Va., region is home to several workboat repair yards. Even amid uncertainty in the energy markets and tightened spending in the government sector, these companies are bullish. Shipyards here are expanding and updating their facilities to meet a steady flow of increasingly larger and older vessels in need of maintenance and repair. Located in the heart of the East Coast trade lanes and home to the world's largest naval base, ice-free Hampton Roads, Va., is well situated for vessel repair. The shipyards here, aside from BAE Systems and General Dynamics which deal almost exclusively with military customers, bid a mix of commercial and government work. Thus, when the private sector slows, government work can take up the slack and vice versa.