Hanwha Group gets U.S. clearance to up its stake in Austal
South Korea’s Hanwha Group has been eyeing an acquisition of Austal USA parent Austal (ASX ASB) for quite some time. Today, it appeared to be making some progress. Yonhap News Agency reports
Austal USA
Detyens awarded $10.1M contract for USNS Cody PSA
Detyens Shipyards Inc., Charleston, S.C., has been awarded a $10,135,702 firm-fixed-price contract (N3220525C4061) for a 100-calendar day shipyard availability for a post-shakedown availability (PSA) of the Military Sealift Command’s expeditionary fast transport
Austal USA awards FMD key TAGOS-25 contracts
Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), reports that it has received purchase orders from Austal USA covering the supply of critical equipment for the U.S. Navy’s
Austal USA gets $48M mod to LCS maintenance contract
Austal USA LLC, Mobile, Ala., is being awarded a $48,020,435 firm-fixed-price, indefinite-delivery/indefinite-quantity contract modification (P00006) under a previously awarded contract (N40345-22-D-8000) to exercise Option Year Two for emergent repair and continuous maintenance
Austal USA pleads guilty to accounting fraud and obstruction of DoD audit
The U.S. Department of Justice reports that Austal USA LLC, a subsidiary of Australian shipbuilder Austal Limited (ASX: ASB) yesterday entered a guilty plea and agreed to pay $24 million to resolve
Austal USA christens EPF 15
With the smash of a champagne bottle on the bow of the ship, Mrs. Elizabeth Asher christened the future USNS Point Loma (EPF 15) at a ceremony held Saturday at Austal USA’s
Austal USA breaks ground on new final assembly facility
Austal USA celebrated groundbreaking for the company’s newest final assembly facility last week. As we reported previously, the infrastructure expansion, to the south of the shipbuilder’s current Mobile, Ala., waterfront facility will
John Rothwell to be succeeded as Austal chairman by former SECNAV Richard Spencer
Australian shipbuilding legend John Rothwell is to step down as as chairman of Austal Limited (ASX: ASB). He will be succeeded by former U.S. Secretary of the Navy Richard Spencer. Rothwell, the
Austal USA christens final Independence-variant LCS, USS Pierre
Austal USA has celebrated the christening of the company’s 19th Independence-variant Littoral Combat Ship (LCS) – the future USS Pierre (LCS 38). Ship sponsor Larissa Thune Hargens executed the ceremonial bottle break
Michelle Kruger named president of Austal USA
The board of directors of Austal USA has named Michelle Kruger president of Austal USA, where she has been serving as interim president since August 2023. Kruger joined Austal USA in 2022