Austal

Austal USA expands manufacturing capacity with design for new facility and shiplift

Retrieved on: 
Tuesday, February 6, 2024
Constellation, Research, Austal, Frigate, Ship, Austal USA, Fast combat support ship, Lifting, Shipbuilding

Mobile, Ala., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Austal USA announced the start of design for a new manufacturing facility signifying a major expansion of the company’s Mobile, Ala. shipyard capability.

Key Points: 
  • Mobile, Ala., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Austal USA announced the start of design for a new manufacturing facility signifying a major expansion of the company’s Mobile, Ala. shipyard capability.
  • The infrastructure expansion, which will be to the south of Austal USA’s current waterfront facility, will include a new assembly building, waterfront improvements, and a new shiplift system.
  • In addition to the manufacturing capacity of the new buildings, the shiplift will provide a safe and reliable system to launch ships as they are completed in the assembly buildings.
  • In all, the Mobile facility covers 180 acres and, when this project is complete, over 1.5 million square feet of indoor manufacturing space.

Spencer Johnson Joins Birdon as Ship Design Director

Retrieved on: 
Saturday, September 2, 2023
Ship, WCC, Naval architecture, Austal, Engineering, LCS, T-AGOS, Ultraman, LAW, Austal USA, MACE, Integrated product team, EPF, Navy, U.S. Coast Guard Headquarters, Key West Station, Webb Institute, Shipbuilding

DENVER , Sept. 1, 2023 /PRNewswire/ -- Spencer Johnson has joined Birdon as the Ship Design Director building on his extensive career in shipbuilding, Naval Architecture and Engineering.

Key Points: 
  • DENVER , Sept. 1, 2023 /PRNewswire/ -- Spencer Johnson has joined Birdon as the Ship Design Director building on his extensive career in shipbuilding, Naval Architecture and Engineering.
  • "Spencer's background leading large ship design and construction projects make him a great fit for Birdon's team," said Birdon President Rob Scott.
  • "Spencer's extensive leadership and engineering experience will help Birdon grow its ship design team of structural engineers, naval architects, and designers charged with building some of the nation's most important ships."
  • "Birdon is a leader in providing innovative design solutions," said Spencer Johnson.

SEC Charges Three Executives at U.S. Navy Shipbuilder Austal USA with Accounting Fraud

Retrieved on: 
Friday, March 31, 2023
Peter H. Daly (U.S. Navy), Austal, EBIT, Fast combat support ship, District court, Security (finance), John Davis (U.S. district court judge)

The complaint alleges that Perciavalle, Runkel, and Adams knew that Austal USA’s shipbuilding costs were rising and higher than planned, but they directed others to arbitrarily lower the cost estimates to meet Austal USA’s revenue budget and revenue projections.

Key Points: 
  • The complaint alleges that Perciavalle, Runkel, and Adams knew that Austal USA’s shipbuilding costs were rising and higher than planned, but they directed others to arbitrarily lower the cost estimates to meet Austal USA’s revenue budget and revenue projections.
  • "We allege that Austal USA’s executives manipulated its financial results, causing harm to U.S. investors in the securities of its parent company, Austal Limited," said Jason Burt, Regional Director of the SEC’s Denver Regional Office.
  • "As the complaint articulates, if the defendants had not fraudulently manipulated the cost estimates, Austal Limited would have missed, by wide margins, analyst consensus estimates for EBIT."
  • The SEC’s investigation was conducted by Kimberly Steckling, Kenneth Stalzer, and Donna Walker and supervised by Ian Karpel, Nicholas Heinke, and Jason Burt.

Austal USA Awards Contract to Fairbanks Morse Defense for Cross Company Portfolio of OPC WMSM-919 Equipment

Retrieved on: 
Thursday, March 16, 2023
Technology, Contracts, Maritime, Engineering, Transport, Manufacturing, Hardware, Artificial Intelligence, Defense, Acquisition, Ship, Coast guard, OEM, OPC, RT, FEC, Austal USA, Entity component system, Coast, FMD, Navy, Risk management, Shipbuilding, Arclin, Research, Austal

Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded a contract by Austal USA for a portfolio of equipment to support the construction of WMSM-919, the U.S. Coast Guard’s next Heritage-class Offshore Patrol Cutter (OPC).

Key Points: 
  • Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has been awarded a contract by Austal USA for a portfolio of equipment to support the construction of WMSM-919, the U.S. Coast Guard’s next Heritage-class Offshore Patrol Cutter (OPC).
  • The portfolio includes systems from the company’s multiple brands, reinforcing FMD’s position as a single-source defense contractor capable of providing fully integrated solutions for maritime defense .
  • “Receiving this contract from Austal encapsulates what we’ve been working toward in recent years through the acquisition of several strategic maritime suppliers ,” said FMD CEO George Whittier.
  • Last year, the Coast Guard awarded FMD a contract for opposed-piston engine parts for its Bay Class icebreaking tugboats .

Warships and Naval Vessels Global Market Opportunities and Strategies Report 2023 with General Dynamics Dominating with 15.24% Market Share, Followed by Huntington Ingalls Industries

Retrieved on: 
Tuesday, March 7, 2023
Lockheed Martin, Navy, ThyssenKrupp, General Dynamics, Acquisition, Growth, Internet, Intelligence, Partnership, Huntington Ingalls Industries, Artificial intelligence, Internet of things, Investment, Maintenance, COVID-19, Mitsubishi Heavy Industries, Austal, BAE Systems, Arms industry

DUBLIN, March 7, 2023 /PRNewswire/ -- The "Warships and Naval Vessels Global Market Opportunities and Strategies to 2031" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 7, 2023 /PRNewswire/ -- The "Warships and Naval Vessels Global Market Opportunities and Strategies to 2031" report has been added to ResearchAndMarkets.com's offering.
  • The warships and naval vessels market is segmented by type into warships, submarines, aircraft carriers and others types.
  • The warships market was the largest segment of the warships and naval vessels market segmented by type, accounting for 58.1% of the total in 2021.
  • Market-trend-based strategies for the warships and naval vessels market include environment-friendly materials, artificial intelligence, unmanned warships and naval vessels, internet of things (IoT), strategic partnership and investments.

Sutherland Furniture Debuts Contemporary Lineup for Spring 23

Retrieved on: 
Tuesday, February 14, 2023
Stainless steel, Human, Table, Arlette, Carrara, Jon Bannenberg, Movement, Austal, Collection, Furniture, Radia

DALLAS, Feb. 14, 2023 /PRNewswire/ -- Sutherland Furniture, the preeminent provider of luxury outdoor furniture, has announced the new collections for Spring 2023. Sutherland is thrilled to introduce new partnerships with renowned designer Brad Ascalon, design partners de Allegri & Fogale, and UK superyacht design studio Bannenberg & Rowell. Ascalon's Radia Tables, Bannenberg & Rowell's Oceana collection, and the Arlette Dining Table maintain Sutherland's pristine attention to detail and timeless elegance.

Key Points: 
  • DALLAS, Feb. 14, 2023 /PRNewswire/ -- Sutherland Furniture, the preeminent provider of luxury outdoor furniture, has announced the new collections for Spring 2023.
  • Sutherland is thrilled to introduce new partnerships with renowned designer Brad Ascalon, design partners de Allegri & Fogale, and UK superyacht design studio Bannenberg & Rowell.
  • Designed by UK superyacht design firm, Bannenberg and Rowell, Oceana is an outdoor furniture range inspired by the evocative contemporary aesthetic of Jon Bannenberg.
  • Sutherland Furniture is available to interior designers and architects through David Sutherland Showrooms and representatives throughout the US and abroad.

Ship Building and Repairing Global Market Report 2022 - ResearchAndMarkets.com

Retrieved on: 
Monday, July 25, 2022
Transport, Maritime, NGO, Carbon, Investment, International Monetary Fund, Huntington Ingalls Industries, Arctech Helsinki Shipyard, Revolution, Ship, Sterilization, China State Shipbuilding Corporation, Organization, South Korean IMF (International Monetary Fund) Agreement,1997, GDP, DSME, IMF, General Dynamics, Lists of countries and territories, Growth, Shipbuilding, LNG, Austal

The "Ship Building And Repairing Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Ship Building And Repairing Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
  • The shipbuilding and repairing market consists of sales of ships and shipbuilding and repairing services and related services by entities (organizations, sole traders, and partnerships) that operate shipyards.
  • Shipyards are fixed facilities with drydocks and fabrication equipment capable of building a ship, defined as watercraft typically suitable or intended for other than personal or recreational use.
  • The main types in the shipbuilding and repairing market are shipbuilding and ship repairing.

Austal USA starts construction on first steel ship

Retrieved on: 
Monday, July 11, 2022
Foot, Austal, U.S. Navy Diving Manual, Steel, GLOBE, Gulf Coast of the United States, Austal USA, News, Recycling, Shipbuilding, New-construction building commissioning

Mobile, Ala., July 11, 2022 (GLOBE NEWSWIRE) -- Austal USA celebrated the start of construction on the companys first steel ship today - a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11).

Key Points: 
  • Mobile, Ala., July 11, 2022 (GLOBE NEWSWIRE) -- Austal USA celebrated the start of construction on the companys first steel ship today - a U.S. Navy Navajo Class Towing, Salvage, and Rescue Ship (T-ATS 11).
  • It seems like only yesterday we were breaking ground on our steel shipbuilding facility and here we are, a little over a year later, beginning construction on our first steel ship, Growden said.
  • Congressman Jerry Carl and Rear Adm. Tom Anderson both remarked on the importance of Austal USAs emergence in the steel market and spoke to the quality of Austal USA built ships.
  • Congratulations to Austal USA for starting construction on the companys first steel ship!

Austal USA awarded $3.3 billion multi-ship contract for U.S. Coast Guard Offshore Patrol Cutter (OPC)

Retrieved on: 
Friday, July 1, 2022
Acquisition, Ageing, U.S. Coast Guard environmental protection, Aluminium, Austal, GLOBE, Coast guard, Total survey error, Law enforcement, Coast, Commerce, United States Coast Guard Yard, VA-52 (U.S. Navy), AFDM, USCG, Arctic, OPC, Program, Austal USA, Mining, Shipbuilding

Mobile, Ala., June 30, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded a contract with a potential value of $3.3 billion for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC) for the United States Coast Guard (USCG).

Key Points: 
  • Mobile, Ala., June 30, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded a contract with a potential value of $3.3 billion for the detail design and construction of up to 11 Offshore Patrol Cutters (OPC) for the United States Coast Guard (USCG).
  • The Austal USA team is excited to support the U.S. Coast Guard using our new steel panel line to manufacture and deliver ships highly capable of performing their critical homeland security and defense missions, Austal USA President Rusty Murdaugh said.
  • Through continual capital investments, Austal USA has expanded its capability and capacity to enable concurrent production of aluminum and steel-hulled ships.
  • This unique production capability positions Austal USA to meet the growing demands of the U.S. Navy and USCG.

Austal USA wins contract for auxiliary floating dry dock

Retrieved on: 
Monday, June 20, 2022
Second VA-75 (U.S. Navy), Solution, Steel detailer, AFDM, DD, Lifting, GLOBE, Austal USA, Aluminium, Austal, Shipbuilding

Mobile, Ala., June 20, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded the Detailed Design and Construction (DD&C) contract on June 17 valued at $128 million for the U.S. Navy Auxiliary Floating Dry Dock Medium (AFDM).

Key Points: 
  • Mobile, Ala., June 20, 2022 (GLOBE NEWSWIRE) -- Austal USA was awarded the Detailed Design and Construction (DD&C) contract on June 17 valued at $128 million for the U.S. Navy Auxiliary Floating Dry Dock Medium (AFDM).
  • I am proud of our Austal USA team for developing a winning proposal, Austal USA President Rusty Murdaugh said.
  • We are looking forward to providing the U.S. Navy with an exceptional floating dry dock using our lean manufacturing approach.
  • The AFDM is a Rennie-type floating dry dock with an 18,000 LT lifting capacity and a clear deck working area of 90,800 square feet.