More production leads to high profits at SEACORP

PBN Fastest Growing Companies 2022
CEO (or equivalent): David Cadorette, president
2021 revenue: $94.5 million
2019 revenue: $76.8 million
Revenue growth: 23.1%

FOR 30 YEARS, Middletown-based ­SEACORP LLC was primarily an engineering services-based company focused on the local naval warfare center.

In the last three years, prototype work led to production contracts with the Naval Sea Systems Command. The company won its first production contract as a prime contractor for the Multi Mission Modular Mast that it developed as a prototype.

“We took some of the hardware work we were doing and we became a major supplier to Lockheed Martin Corp. in Syracuse, N.Y., and Progeny Systems, now part of General Dynamics Mission Systems, for hardware components for their electronic warfare systems,” SEACORP President David Cadorette said.

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During the COVID-19 pandemic, SEACORP transitioned to a work-at-home environment. However, a significant portion of the workforce performed classified work and had to report to a facility.

Going forward, Cadorette says SEACORP is expanding from submarines into surface platforms, unmanned platforms, undersea, surface and aerial vehicles.