Tag Archives: austal usa

Former Austal USA Executives Indicted for Alleged Accounting Fraud, Face SEC Complaint

Former Austal USA Executives Indicted for Alleged Accounting Fraud, Face SEC Complaint

USS Tulsa (LCS 16) returns to Austal USA after launching from the drydock at BAE Ship Systems on March 16, 2016. US Navy photo.

A federal grand jury on Friday indicted former Austal USA executives on felony fraud charges, alleging that they intentionally manipulated costs and earnings reports and mislead company investors and shareholders about the true costs of building Littoral Combat Ships for the U.S. Navy. Read More

Top Stories 2022: Coast Guard

Top Stories 2022: Coast Guard

Lt. Cmdr. Donald Rudnickas, a member of the Coast Guard Icebreaking program temporarily assigned to Coast Guard Cutter Polar Star (WAGB 10), and Ensign Jonathan Kattnig, the information technology officer on the Polar Star, look out across the ice in the Southern Ocean, on Dec. 25, 2022. US Coast Guard Photo

This post is part of a series looking back at the top naval stories from 2022.

A change in leadership, difficulty in recruiting and major developments in two major shipbuilding programs were among the major Coast Guard stories of 2022. Read More

Marine Commandant Will Have More Say in Crafting Navy's Amphibious Force as Part of New Defense Bill

Marine Commandant Will Have More Say in Crafting Navy’s Amphibious Force as Part of New Defense Bill

Marines attached to the 22nd Marine Expeditionary Unit (MEU) wave to spectators as they arrive in Morehead City, N.C., aboard the San Antonio-class amphibious transport dock ship USS Arlington (LPD-24) on Oct. 10, 2022. US Navy Photo

WASHINGTON, D.C. — The commandant of the Marine Corps will have a direct say in both the requirements for the Navy’s amphibious ships and the force structure, according to provisions in the Fiscal Year 2023 National Defense Authorization Act. Read More