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12 | I NSIGH T • D e c e m b e r 2 0 14 w w w . i n s i g h t o n b u s i n e s s . c o m Piping Systems to expand Hortonville-based Piping Systems Inc. expects to complete a $5.5 million expansion of its manufacturing facilities by the end of this year, a move that will allow the company to pursue larger contracts and add more than 100 new employees. Founded in 1990, the company has a worldwide customer base for the piping spools, modular equipment and piling skids it fabricates. More than 80 percent of the company's products go to clients in the oil, gas and energy industries — sectors that have grown tremendously during the past decade. "Fueled by the award of a major contract, we are now able to complete the second phase of our three-phase expansion plan," says Jeff Bunker, PSI president. "e expansion will enable PSI to hire both skilled trades labor and support staff." e Wisconsin Economic Development Corp. has authorized up to $350,000 in tax credits for three years to support the project. PSI has agreed to create 119 full-time jobs during that time. e actual tax credits distributed will depend on the number of new positions created. In addition to assistance from WEDC, the Village of Hortonville will also provide up to $550,000 in incentives. Once completed, the project and the new hires will make PSI the largest employer in the village. » THE NORTHWOODS Florence, Marinette, Menominee, Oconto Counties Splash of success Somehow it doesn't get old. ere were plenty of folks on hand this fall when the team at Marinette Marine launched the LCS Detroit into the Menominee River, the fourth such launch since Lockheed Martin won the contract to build littoral combat ships for the U.S. Navy. Wisconsin's north coast shipyard previously built and launched the USS Freedom, USS Fort Worth and USS Milwaukee. "We are incredibly proud to build these ships for the U.S. Navy," says Jan Allman, MMC president and CEO. "We continue to streamline our two processes and leverage the crasmanship and skills of our employees in producing these high quality vessels for our warfighters." e Detroit will continue to undergo outfitting and testing before delivery to the Navy in 2015. Once accepted by the Navy and commissioned, it will then carry the "USS" designation. Overall, it is the seventh LCS launched since 2008. Ships with an odd-number designation are built at Marinette Marine, which is contracted to build 10 of the 20 ships in the contract. In addition to the Detroit, four other LCS ships are under construction at the shipyard. Status of LCS built by Marinette Marine: USS Freedom (LCS 1), in service; USS Fort Worth (LCS 3), in service; USS Milwaukee (LCS 5): in sea trials; USS Detroit (LCS 7): launched Oct. 18; LCS 9 (USS Little Rock), under construction; LCS 11 (USS Sioux City), under construction; LCS 13 (USS Wichita), under construction; LCS 15 (USS Billings), under construction; LCS 17 (USS Indianapolis), in planning stages; LCS 19, in planning stages. 920.751.4200 \ www.mcmgrp.com McMAHON One Company. Countless Solutions. Crowds gather at the Marinette Marine shipyards to watch the launch of LCS Detroit. The ship, which still needs outfitting and extensive testing, was floated into the Menominee River. C O U R T E S Y O F L O C K H E E D M A R T I N 920.810.4617 excaliburedge.com Accelerate your pursuit of business excellence The Edge You Need to Succeed.