Three former Austal USA execs face DOJ and SEC charges
The U.S. Department of Justice reports that a federal grand jury returned an indictment on March 30 charging three men with orchestrating an accounting fraud scheme at Austal USA LLC, a wholly
The U.S. Department of Justice reports that a federal grand jury returned an indictment on March 30 charging three men with orchestrating an accounting fraud scheme at Austal USA LLC, a wholly
Within months of its introduction, Fairbanks Morse Defense’s new high speed engine, the nForcer, is to be tested for the Navy’s large unmanned surface vessel (LUSV) platform. FMD has been contracted to
“Our results for 2022 reflect a continued challenging operating environment, with losses primarily related to new construction gross losses from jobs on which actual costs varied from original estimates due to higher
Huntington Ingalls Industries (NYSE: HII) reports that its Ingalls Shipbuilding division has received a $1.3 billion modification to a previously awarded contract from the U.S. Navy for the procurement of the detail
Could a methanol-fueled MTU high speed marine engine be not too far away? Following up on ambitions announced at last year’s SMM event, Rolls-Royce Power Systems and two partner companies have been
When we last reported on the plan for a new ferry to operate between New York City’s Lower Manhattan and Governors Island, things had reached the stage where an RFP for the
Huntington Ingalls Industries (NYSE: HII) reports that Julie Jarrell Gresham has been named vice president and chief counsel of its Ingalls Shipbuilding division. She will succeed George Simmerman Jr. who will retire
Canada’s Davie Shipbuilding (Chantier Davie Canada Inc.) is in advanced negotiations to buy Finland’s Helsinki Shipyard. In a press release yesterday, the Lévis, Quebec, headquartered shipbuilder announced it had exercise of its
With its eyes on the offshore wind industry, SAFE Boats International has gained exclusive rights to build an advanced autonomous hydrographic survey vessel at its Tacoma, Wash., large-craft production facility. The innovative,
By Steve Esau, Chief Operating Officer, SEA-LNG The European Commission’s REPowerEU plan aims to boost European biomethane production tenfold from 3.5 bcm today to 35 bcm per year by 2030. Much of this