Jensen said the company also has recently hired employees with graduate degrees from UNH.
The move brings 10 jobs to Newton, but the company plans to hire more by the end of the year.
“They will likely be in financial management, marine engineering or construction,” Jensen said. “We now have the ability to double or even triple our capacity.”
While the company’s Andover location was primarily office space, the Newton location is two-thirds factory space.
“We started in Andover, which is where we got our first contract with the U.S. Navy,” Jensen said. “But we’ve got a number of big opportunities overseas, and we needed a place to do design reviews for our customers.”
He said the company recently got a contract extension with the Navy and is hoping for the stamp of approval from the U.S. military, which will open the floodgates for business from around the world.
“The market is anybody with waterside assets around the world,” Jensen said. “Ports are spending hundreds of billions on maritime security.”