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Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S ...
“The investigations focused on conduct that occurred over 8 years ago, and with a large order book of work ahead of us, we need to concentrate on the future — not the past,” Rothwell added. The Justice Department said that from 2013 through July 2016, Austal USA misled shareholders and investors about the company’s financial condition.
Executives with military shipbuilder Austal said settling an accounting fraud investigation, which included an agreement to pay a $24 million penalty, is the best outcome for the company and that ...
Austal USA is an American shipbuilder based on Blakeley Island in Mobile, Alabama.It is a subsidiary of the Australian shipbuilder Austal, operating under a Special Security Arrangement which allows it to work independently and separately on some of the most sensitive United States defense programs despite its foreign ownership.
Kingsville was constructed in Mobile, Alabama by Austal USA. The Navy accepted delivery of the vessel on 1 March 2024, with commissioning expected to follow in mid-2024. [ 5 ] Homeport will be San Diego, California where it will travel to after being commissioned in Corpus Christi, Texas on August 24, 2024.
Serious Fraud Investigation Office (SFIO) Indonesia: Bank Indonesia (BI) ; Financial Services Authority (OJK) ; Deposit Insurance Agency (LPS) Iran: Central Bank of Iran ; Securities and Exchange Organization (SEO) Iraq: Iraq Securities Commission (ISC) Ireland
On Friday, the Department of Defense awarded a pair of contracts benefiting General Dynamics . Together, the contracts are worth roughly $43.2 million, breaking down as follows. The larger ...
MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday.