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austal

South Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent


2 months ago by Rich Abott
@ReaderRabott

A major South Korean conglomerate this week purchased a significant stake in Australian shipbuilder Austal, with hopes of expansion. On March 18 Hanwha Group said it acquired a 9.9 percent […] ...

Navy Argues New Alabama Shipyard Private Partnership Worth Risk, Opens Door To More


7 months ago by Rich Abott
@ReaderRabott

Navy officials last week argued the new public-private partnership to develop an Alabama site for more naval industrial base production is worth the risk and opens the door to other […] ...

Austal Nabs $450 Million GD Award To Expand Sub Module Production


8 months ago by Rich Abott
@ReaderRabott

General Dynamics’ Electric Boat [GD] awarded Austal USA a $450 million contract to increase its infrastructure to design, construct and outfit new submarine modules for the U.S. submarine’s prime contractor, […] ...

Austal To Pay $24 Million Fine To Settle U.S. Accounting Fraud Case


8 months ago by Rich Abott
@ReaderRabott

Austal Limited agreed to pay $24 million to settle an investigation by the Justice Department and Securities and Exchange Commission (SEC) into an accounting fraud scheme, the U.S. government said […] ...

Former SecNav Spencer Named New Austal Chairman


10 months ago by Rich Abott
@ReaderRabott

Former Secretary of the Navy Richard Spencer was named the new chairman of Australian shipbuilder Austal Limited, parent company of Austal USA. Spencer took over as chairman on July 1, […] ...

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