With $300 million in facility-specific investment and 1,500 permanent operating jobs announced, this project clears both of AFT's qualifying thresholds ($100 million in facility-specific investment OR 100 permanent operating jobs). It is also confirmed by official public sources and involves a physical manufacturing facility in the United States.
View full methodology →The shipbuilding context.
Shipbuilding tracks qualifying U.S. shipyards and facilities that build commercial or naval vessels, or manufacture major hull sections, modules, and components for them, including submarine work delivered to another yard for final assembly. These projects depend on waterfront sites, heavy-lift infrastructure, specialized suppliers, and large skilled-trades workforces such as welders, pipefitters, and electricians.
At a glance
- Company
- Saronic Technologies
- Industry
- Shipbuilding
- Location
- Franklin, Louisiana
- Investment
- $300.0M
- Permanent jobs announced
- 1,500
- Status
- Under Construction
- Announced
- Dec 3, 2025
- Opening timeline
- LED expected expanded operations in 2027; WorkBoat reported in August 2026 that the topped-out expansion is scheduled for completion in early 2027.
- Added to tracker
- Nov 3, 2026
Official references
- Louisiana Economic Development — Franklin shipyard expansion investment and jobs announcement, December 3, 2025 https://opportunitylouisiana.gov/news/saronic-technologies-investing-300-million-to-expand-franklin-shipyard-creating-3200-jobs-in-louisianas-bayou-region
- WorkBoat — Franklin shipyard expansion topping out, August 2026 https://www.workboat.com/saronic-tops-out-300-million-louisiana-shipyard-expansion
Cite this project
American Factory Tracker. "Franklin Shipyard Expansion — Saronic Technologies, Franklin, LA." https://americanfactorytracker.com/projects/saronic-franklin-shipyard-expansion. Accessed November 3, 2026.
Please also cite the original sources listed above for underlying figures.