Sign In
Search
Business/Financial

Three Former Austal USA Employees, Including President, Indicted For Accounting Fraud On LCS Program

Cal Biesecker By
SHARE:
Three Former Austal USA Employees, Including President, Indicted For Accounting Fraud On LCS Program
The USS Mobile (LCS-26) rolled out of its assembly bay and was launched in early 2020 at shipyard Austal USA in Mobile, Ala.. (Photo: Austal USA)

The Justice Department last Friday said a federal grand jury has indicted three former Austal USA employees, including one time President Craig Perciavalle, for an accounting fraud scheme that misled the Australian-based company’s shareholders related to work on the U.S. Navy’s Littoral Combat Ship (LCS) program. In addition to Perciavalle, the other defendants are Joseph Runkel and William Adams. The DoJ alleges that the three individuals conspired to mislead shareholders about Austal Limited’s financial condition by “artificially” reducing estimated completion…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

FTC Requires Boeing To Divest Certain Spirit Assets To Win Deal Approval

Business/Financial

Davie Defense Completes Acquisition Of Texas-Based Shipyards

Business/Financial

AeroVironment Swings To Loss In Second Quarter As Sales Soar

Business/Financial

Saronic Invests $300 Million To Add Production Capacity To Louisiana Shipyard

Trending

House Passes $900.6 Billion FY ‘26 NDAA, Bill Now Heads To Senate
Lawmakers Back New Army Multi-Year Deal For Black Hawks In Final FY ’26 NDAA
Vatn Systems Raises $60 Million To Scale Undersea Vessel Development And Manufacturing
Ghost Bat CCA Fires AMRAAM In Manned-Unmanned Demo Against Fighter-Class Drone
Space Development Agency Expects To Resume Tranche 1 Launches In Early 2026

Contract Updates

UPDATE: Eagle Safe Surfaces Colorado Inc. (Englewood, Colorado (SPE8EC-26-D-0006) – $139,000,000),

UPDATE: Eagle Safe Surfaces Colorado Inc.,*  Englewood, Colorado (SPE8EC-26-D-0006, $139,000,000), has been added as an awardee to the multiple award contract for snow removal equipment, issued against solicitation SPE8EC-21-R-0008 and awarded Jan. 20, 2023. The contracting activity is Defense Logistics…

AvKARE LLC (Pulaski, Tennessee) – $12,915,328

AvKARE LLC, Pulaski, Tennessee, has been awarded an estimated $12,915,328 firm-fixed-price requirements contract for telmisartan tablets. This was a competitive acquisition with nine responses received. This is a one-year base contract with four one-year option periods. Locations of performance are…

Bernard Cap LLC (Hialeah, Florida) – $18,857,146

Bernard Cap LLC,* Hialeah, Florida, has been awarded a maximum $18,857,146 firm-fixed-price, indefinite-delivery/indefinite-quantity contract for green service uniform garrison caps. This was a competitive acquisition with six responses received. This is a five-year contract with no option periods. The ordering…

Science Applications International Corp. (Reston, Virginia) – $26,253,706

Science Applications International Corp., Reston, Virginia, has been awarded a $26,253,706 cost-plus-fixed-fee contract in support of Air Force modeling simulation sustainment support. The Air Force modeling and simulation services support (AFMS3) contract provides comprehensive support to the Department of the…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume