Metal Shark Boats exec Matthew Unger announced Monday a $1.9 million capital investment that will allow the company to complete a contract to build 500 patrol vessels for the U.S. Coast Guard over the next seven years.
Along with creating 106 jobs with an average starting salary of about $45,000, plus benefits, the project will retain 75 existing jobs and result in an estimated 164 indirect jobs in Iberia Parish and across Acadiana.
According to a press release announcing the project, Metal Shark will produce the second generation of a 29-foot-long vessel that has a top speed in excess of 50 mph. The boats will be used for port, waterway and coastal security; for search and rescue missions; for drug interdiction cases; for immigration-related operations; for fisheries enforcement; and for defense readiness and law enforcement missions.
Metal Shark won a $192 million U.S. Coast Guard contract in November to build the Response Boat–Small, a type of watercraft adopted by the Coast Guard in response to its broader homeland security mission after the Sept. 11, 2001, terrorism attacks.
Metal Shark says once the expansion is completed and full production is achieved, its facility will produce one boat every four or five days. The company also is building other boat classes for the U.S. Coast Guard, U.S. Navy, local law enforcement agencies and foreign militaries.
The state began working with Metal Shark on the project in early 2011 and will provide the company with the services of LED FastStart, the nation’s top-rated state workforce development program. Metal Shark also is expected to utilize Louisiana’s Industrial Tax Exemption and Quality Jobs incentive programs.
Anyone interested in working for Metal Shark Boats should attend a job fair conducted by the company and LED FastStart this Friday, May 18, from 10 a.m. to 6 p.m. The job fair will take place at the New Iberia campus of South Louisiana Community College, 908 Ember Drive, in New Iberia. The company is hiring welders and fitters, marine mechanics, marine electricians, general shop hands, CNC operators and press brake operators.
Metal Shark is a subsidiary of Gravois Aluminum Boats. Its all-aluminum construction boats withstand extreme conditions, harsh environments and years of abuse. Metal Shark sells directly to qualified government and commercial organizations, and the company custom-builds all boats.
Reamco founders Brent Milam and Ashley Lane now shareholders in acquiring company and part of its management team.
The board hopes to recover all fees paid, plus one-half, along with what could amount to hundreds of thousands in additional penalties.
Oh, the irony... or something like that.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,125 from the previous week's total of 1,964. There were 2,887 initial claims during the comparable week in 2013.
Oilfield service company’s year-over-year revenues climbed 3.7 percent.
Move is part of company-wide consolidation of residential call centers.
Contentious deposition renders LOGA chief too ill to testify. Here's why.
Proposal for the upcoming legislative session would set Louisiana’s minimum wage at $10 per hour, beginning in 2015, up from the federal rate of $7.25 per hour.
Patrick Kane II recalls his mother awakening him 50 years ago to say his dad’s plane was missing.
His health affected by a contentious deposition last week, the LOGA chief says he can't testify (court will reconvene March 10).
Chair of the energy committee, Mary Landrieu (discussing the urgency of Keystone with Canadian Foreign Minister John Baird) should get the respect she deserves in Louisiana.
A fundraiser co-chaired by former U.S. attorneys from both sides of the political aisle could signal the end of Mike Harson’s long grip on the D.A.’s office.
Former W. Home Furnishings owner Rene Ward faces seven years in prison.
Stuller’s Danny Clark focuses on satisfied customers and effective employees as he settles in as the company’s president/COO.
Sterling Ford-Lincoln of Opelousas ribbon cutting and the State of the Parish address
Increases in higher-end home sales say a lot about the health of the overall market.
Who joined whom or got promoted?
World-class athlete riding high in custom bike biz.
Setting the record straight on that February story in HuffPo
Liability waivers — what you need to know before you sign
A one-man operation, Brett Gauthier is bringing the oil and gas industry into the age of digital animation.
Planning a meeting with results
Local Ad Fed’s Copywriter of the Year and recently named creative director at Russo tapped for Boston Marathon project.
Forecasts for more frigid weather drive prices to highest level in four years.
CiCi's Pizza on Johnston Street will be torn down to make way for popular bakery-café Panera Bread's first Lafayette store.