:

Business/Financial

Austal USA Takes Over West Coast Repair Facility

Wednesday, November 10th, 2021

SHARE:

Austal USA Takes Over West Coast Repair Facility

Austal USA is assuming the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, Calif. in 2021. (Photo: Marine Group Boat Works)

Austal USA said it received approval to assume the lease of the Marine Group Boat Works (MGBW) facility in the Port of San Diego, the company said on Tuesday. Austal USA and Marine Group Boat Works are in a 45-day exclusive period to close the agreement for Austal to assume the lease on the 15-acre site. They entered this period after Austal received approval from the San Diego Port of Commissioners. The deal is expected to close in mid-December. The…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]