austal
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Navy/USMCAustal Delivers Last Independence-Variant LCS To The Navy
Austal USA on Friday delivered the 19th and last Independence-variant Littoral Combat Ship (LCS), the future USS Pierre (LCS-38), to the U.S. Navy. Austal built them and delivered this one […]
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Navy/USMCSouth Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent
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 […]
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Navy/USMCNavy Argues New Alabama Shipyard Private Partnership Worth Risk, Opens Door To More
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 […]
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Navy/USMCAustal Nabs $450 Million GD Award To Expand Sub Module Production
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, […]
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Business/Financial
Austal To Pay $24 Million Fine To Settle U.S. Accounting Fraud Case
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 […]
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Business/FinancialFormer SecNav Spencer Named New Austal Chairman
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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