 Austal announced in October 2012, after winning a new defense contract and completing another building within their complex on the island, that it will expand from a workforce of 3,000 workers to 4,500 employees.Atlantic Marine operated a major shipyard at the former Alabama Drydock and Shipbuilding Company site on Pinto Island.It was acquired by British defense conglomerate BAE Systems in May 2010 for $352 million.