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Business/Financial

Austal USA Takes Over West Coast Repair Facility

Wednesday, November 10th, 2021

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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…

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