Lyon Shipyard, a full-service ship repair, and industrial service provider will invest $24.4 million to expand its operation in the City of Norfolk. The company will add a new marine travel lift and increase the footprint of its waterfront dry dock. Virginia successfully competed with North Carolina for the project, which will create 119 new jobs, Lyon Shipyard said citing Governor Ralph Northam’s announcement.
“Lyon Shipyard has been an integral part of the thriving maritime economy in Hampton Roads for nearly a century,” said Governor Northam. “The company’s continued investment and job creation in Norfolk is a powerful testament to the strength of the local workforce and the region as an international shipping hub. We are proud to support this expansion and look forward to Lyon Shipyard’s future growth in our Commonwealth
Established in 1928, Lyon Shipyard has over 93 years of continuous service in ship repair and industrial service. Lyon Shipyard has two facilities in Norfolk located on over 30 acres of prime waterfront property along the eastern branch of the Elizabeth River.
The company supplies commercial and government customers with services including marine electronics repair, barge repair, and pier-side repairs, as well as hauling vessels out of the water for underwater repairs to equipment such as propellers, tail shafts, and rudders.
The company’s commercial customers include tug and barge operators, dredging and marine construction contractors, ferry and cruise ship operators, research vessels, and commercial fishing companies. Lyon’s government customers include the U.S. Navy, U.S. Army, the Coast Guard, Military Sealift Command, and the Maritime Administration.
“We congratulate Lyon Shipyard on its success and thank them for expanding operations in Norfolk,” said Secretary of Commerce and Trade Brian Ball. “The shipping industry is a major economic driver for Hampton Roads, and partners like Lyon ensure commercial and government marine vessels stay in operation.
The Commonwealth’s recruitment and training incentives help secure these competitive projects, and we are pleased to see the addition of 119 new jobs for the region’s hardworking residents.”
