A shipbuilder is expanding on the Mississippi Gulf Coast after receiving a $746 million contract to make a heavy icebreaker for the U.S. Coast Guard.
VT Halter Marine will invest $37.5 million at its Pascagoula shipyard and is expected to create 900 jobs the next five years, Mississippi officials said Tuesday.
The state’s economic development agency, Mississippi Development Authority, is providing a $12.5 million grant for a dry dock and $1.5 million for workforce training.
