FRANKLIN — A company that makes autonomous boats and ships is investing $300 million to expand its presence in Franklin. 

Saronic Technologies said that its expansion of the recently acquired Gulf Craft shipyard in Franklin will start construction by the end of 2026 and is expected to create 3,200 jobs in the region. 

Saronic's expansion will increase production capacity at the firm's autonomous surface vessels shipyard, a Louisiana Economic Development news release said Wednesday. 

“Saronic’s shipyard expansion in Franklin represents a major step forward for American shipbuilding, and we’re proud to deepen our roots here in Louisiana. The strong support we have received from our state and local partners has enabled us to move quickly and confidently as we scale production of our autonomous vessels," Co-Founder and CEO of Saronic Dino Mavrookas said. "Together, we’re creating high-quality jobs, growing the Gulf Coast’s maritime economy, and building the advanced maritime capabilities our nation needs.”