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==Economy== [[File:Newport News Shipyard, aerial view, Oct 1994.jpeg|thumb|An aerial view of the [[Newport News Shipbuilding]] & Drydock shipyard on the James River]] Among the city's major industries are shipbuilding, military, and aerospace. [[Newport News Shipbuilding]], owned by [[Huntington Ingalls Industries]],<ref>[http://www.nn.northropgrumman.com/about/overview.html Overview] {{Webarchive|url=https://web.archive.org/web/20080509165300/http://www.nn.northropgrumman.com/about/overview.html |date=May 9, 2008 }} Northrop Grumman Newport News Shipbuilding. Accessed April 3, 2008.</ref> and the large coal piers supplied by railroad giant [[CSX Transportation]], the modern [[Fortune 500]] successor to the [[Chesapeake and Ohio Railway]] (C&O). Miles of the waterfront can be seen by automobiles crossing the [[James River Bridge]] and [[Monitor-Merrimac Memorial Bridge-Tunnel]], which is a portion of the circumferential [[Hampton Roads Beltway]], linking the city with each of the other major cities of Hampton Roads via Interstate 664 and [[Interstate 64 in Virginia|Interstate 64]]. Many U.S. defensive industry suppliers are based in Newport News, and these and nearby military bases employ many residents, in addition to those working at the shipyard and in other harbor-related vocations. Newport News plays a role in the maritime industry. At the end of CSX railroad tracks lies the Newport News Marine Terminal. Covering {{convert|140|acre|km2}}, the Terminal has heavy-lift cranes, warehouse capabilities, and container cranes.<ref>[http://www.vaports.com/Facilities/FAC-term-nnmt.htm Newport News Marine Terminal] {{Webarchive|url=https://archive.today/20051212232904/http://www.vaports.com/Facilities/FAC-term-nnmt.htm |date=December 12, 2005 }} Virginia Port Authority. Accessed April 2, 2008</ref> {{Further|Icelandic USA}} Newport News' location next to Hampton Roads along with its rail network has provided advantages for the city. The city houses two industrial parks which enabled manufacturing and distribution to take root in the city. As technology-oriented companies flourished in the 1990s, Newport News became a regional center for technology companies.<ref>[http://www.newportnewsva.com/site_selection/economy/econbase.htm Economy β Economic Base] {{Webarchive|url=https://web.archive.org/web/20081007184736/http://www.newportnewsva.com/site_selection/economy/econbase.htm |date=October 7, 2008 }} Newport News Economic Development Authority. Accessed April 30, 2008.</ref> Additional companies headquartered out of Newport News include [[Ferguson Enterprises]] and [[L-3 Flight International Aviation]].<ref>[http://www.ferguson.com/AboutUs/about_index.shtml About Us] Ferguson Enterprises Accessed April 3, 2008.</ref><ref>[http://www.l-3com.com/fi/ L-3 Flight International Aviation] {{Webarchive|url=https://web.archive.org/web/20080402094833/http://www.l-3com.com/fi/ |date=April 2, 2008 }} L-3 Accessed April 3, 2008</ref> Newport News Shipbuilding serves as the city's largest employer with over 24,000 employees. Fort Eustis employs over 10,000, making it the second largest employer in the city. Newport News School System creates over 5,000 jobs and acts as the city's third largest employer.<ref>[http://www.newportnewsva.com/site_selection/economy/econemp.htm Economy β Largest Employers] {{Webarchive|url=https://web.archive.org/web/20070305164903/http://www.newportnewsva.com/site_selection/economy/econemp.htm |date=March 5, 2007 }} Newport News City Economic Development Authority. Accessed April 30, 2008.</ref> [[File:Ferguson Enterprises New Corporate Headquarters.jpg|thumb|[[Ferguson Enterprises]]' new corporate headquarters in [[City Center at Oyster Point]]]] Established during [[World War I]] at historic [[Mulberry Island]], the base at [[Fort Eustis]] in modern times houses the [[United States Army Training and Doctrine Command]] and other activities.<ref>[http://www.eustis.army.mil/ Fort Eustis Home Page] {{webarchive|url=https://web.archive.org/web/20070411115404/http://www.eustis.army.mil/ |date=April 11, 2007 }} U.S. Army. Accessed April 4, 2008.</ref> In adjacent localities, other U.S. military facilities include [[Langley Air Force Base]], [[Naval Weapons Station Yorktown]], [[Camp Peary]], USCG [[Training Center Yorktown]] and the now-deactivated [[Fort Monroe]]. Other installations are located across the James River in [[South Hampton Roads]], including the world's largest naval base, [[Naval Station Norfolk]].<ref>[http://www.cnrma.navy.mil/nwsyorktown// NWS Yorktown] {{Webarchive|url=https://web.archive.org/web/20080324202416/http://www.cnrma.navy.mil/nwsyorktown/ |date=March 24, 2008 }} U.S. Navy. Accessed April 4, 2008</ref> Research and education play a role in the city's economy. The [[Thomas Jefferson National Accelerator Facility]] (TJNAF) is housed in Newport News. TJNAF employs over 675 people and more than 2,000 scientists from around the world conduct research using the facility. Formerly named the Continuous Electron Beam Accelerator Facility (CEBAF), its stated mission is "to provide forefront scientific facilities, opportunities and leadership essential for discovering the fundamental structure of nuclear matter; to partner in industry to apply its advanced technology; and to serve the nation and its communities through education and public outreach."<ref>{{cite web|author=Ware, Linda|title=Jefferson Lab scientists set to test germ-killing fabrics|publisher=Argonne, IL: Lightsources.org|date=September 26, 2005|work=Press Release PR-JLAB-05-4|url=http://www.lightsources.org/cms/?pid=1000854|access-date=October 3, 2005|archive-url=https://web.archive.org/web/20070708133853/http://www.lightsources.org/cms/?pid=1000854|archive-date=July 8, 2007|url-status=dead}}</ref>
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