A major South Korean conglomerate this week purchased a significant stake in Australian shipbuilder Austal, with hopes of expansion. On March 18 Hanwha Group said it acquired a 9.9 percent […] ...
austal
Navy officials last week argued the new public-private partnership to develop an Alabama site for more naval industrial base production is worth the risk and opens the door to other […] ...
General Dynamics’ Electric Boat [GD] awarded Austal USA a $450 million contract to increase its infrastructure to design, construct and outfit new submarine modules for the U.S. submarine’s prime contractor, […] ...
Austal Limited agreed to pay $24 million to settle an investigation by the Justice Department and Securities and Exchange Commission (SEC) into an accounting fraud scheme, the U.S. government said […] ...
Former Secretary of the Navy Richard Spencer was named the new chairman of Australian shipbuilder Austal Limited, parent company of Austal USA. Spencer took over as chairman on July 1, […] ...