Strome Business Minute With Dr. Jeff Tanner

While the economic news has been pretty dreary, there are bright spots. For example, the Pilot reported that Global Technical Systems, based in Virginia Beach, was just awarded a US Navy contract worth seven hundred and eighty two million dollars to manufacture batteries. They’ll make these batteries in their new seventy million dollar facility being completed on Bird Neck Rd. where the Owls Creek Golf Course used to be, and plan to have about eleven hundred employees at the facility. The batteries are a non-chemical type, making for clean manufacturing. More importantly, the Navy contract brings the manufacture of these batteries back to the United States, which in the current state of the world, is important for maintaining a continuous supply chain and that’s important for national security. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.