South Korean Shipbuilder Hanwha Buys 9.9% Stake in Australia’s Austal
A South Korean shipbuilder this week purchased a stake in the Australian company that owns one of the major U.S.…
Navy Taps Private Equity Fund to Build New Alabama Sub Module Facility, Austal Awarded $152M to Support Effort
The Navy tapped a Connecticut private equity group with a background in tax break investments to fund construction of a…
Austal USA Awarded $450M to Build a Submarine Construction Facility in Mobile
An Alabama shipyard won a $450M contract from submarine builder General Dynamics Electric Boat to expand its submarine construction business,…
Austal USA Cuts Steel on Yard’s First Offshore Patrol Cutter, First OPC Argus to Sail in Winter
MOBILE, Ala. – A robotic plasma cutter sliced through a steel panel on a muggy Mobile afternoon to mark the…
Austal to Pay $24M Fine in Deal with DoJ, SEC Over Accounting Fraud Case
Austal USA will pay out a $24 million fine in a deal with the U.S. Securities and Exchange Commission and…
SECNAV Del Toro Names EPF-16 After Michigan Capital City
Secretary of the Navy Carlos Del Toro named a future Expeditionary Fast Transport ship after the Michigan capital, the Navy…
Austal USA Breaks Ground on New Steel Assembly Facility
Austal USA broke ground on its planned final steel assembly facility Tuesday, the company announced in a statement.…
Former SECNAV Richard V. Spencer Named Next Austal Chairman
Australian shipbuilder Austal named former Secretary of the Navy Richard V. Spencer as its next chairman, according to a late…
Report to Congress on Navy TAGOS-25 Ocean Surveillance Shipbuilding Program
The following is the March 13, 2024, Congressional Research Service In Focus report, Navy TAGOS-25 Ocean Surveillance Shipbuilding Program: Background…
Austal USA Delivers Second-to-Last Independence Littoral Combat Ship
The Navy’s penultimate aluminum Littoral Combat Ship was accepted into the service late last week, Naval Sea Systems announced.…