Oldenburg Group awarded $40 million in defense contracts

Milwaukee-based Oldenburg Group Inc. announced that it has been awarded more than $40 million in new contracts to provide its equipment for new U.S. Navy ships.

The equipment manufactured by Oldenburg for these orders include mooring equipment, aircraft elevator systems, boat handling equipment, cargo elevators, cranes and bulkhead closure systems.

These new orders add to Oldenburg Group’s existing major contracts for the Navy’s Destroyer, Amphibious, Littoral Combat and Aircraft Carrier classes.

Oldenburg manufactures equipment for all of the Navy’s major supply and combatant ship building programs.

“Despite the challenging economic environment for defense contractors, Oldenburg Group continues to build up a record defense backlog,” said Oldenburg Group chief executive officer Wayne Oldenburg. “As these programs move through design and manufacturing, we will need to recruit additional skilled manufacturing, engineering and administrative personnel in our engineering and manufacturing facilities located in Milwaukee and Rhinelander, Wisconsin and in Iron River, Kingsford, and Ontonagon, Michigan.”

Sign up for BizTimes Daily Alerts

Stay up-to-date on the people, companies and issues that impact business in Milwaukee and Southeast Wisconsin

No posts to display