Aerospace Group:

Business/Financial

Austal USA Takes Over West Coast Repair Facility

Wednesday, November 10th, 2021

SHARE:

Austal USA Takes Over West Coast Repair Facility

Austal USA is assuming the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, Calif. in 2021. (Photo: Marine Group Boat Works)

Austal USA said it received approval to assume the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, the company said on Tuesday. Austal USA and Marine Group Boat Works are in a 45-day exclusive period to close the agreement for Austal to assume the lease on the 15-acre site. They entered this period after Austal received approval from the San Diego Port of Commissioners. The deal is expected to close in mid-December. The…

Pentagon

Amid Questions On Weapons Stockpiles, Caine Says U.S. Has ‘Sufficient’ Munitions For Iran Operation

Pentagon leaders on Wednesday sought to quell concerns over the rate at which the U.S. is employing critical munitions in its military strike campaign against Iran, with lawmakers also pressing […]

Congress

SASC Leaders Criticize Trump’s Defense Strategy, Press Colby On Policy Shifts

Senate Armed Services Committee (SASC) leadership on Tuesday criticized the Trump administration’s new National Defense Strategy (NDS) and pressed the Pentagon’s top policy official to explain the document’s priorities. SASC […]

Congress

Wicker Wants Legislation On DoD’s Equity Investments In Minerals Supply Chain

Legislation regarding equity investments by the Defense Department in critical mineral supply chains is needed to strengthen the larger defense industrial base and demonstrate to the “free market” that the […]

Congress

“Not Sure How They Get To Where They Wanna Be,” Calvert Says of $1.5 Trillion Defense Topline Proposal

As the federal government enters a third week of tardiness in a fiscal 2027 budget release, a big question is how the Pentagon will be able to spend $500 billion […]