Mobile-based Austal USA, which previously constructed aluminum ships, began transitioning into steel work during the COVID-19 pandemic. According to a recent report from Austal Limited, the parent company of Austal USA, problems with the T-ATS contract wave wiped out tens of millions in projected profit. Naval Institute News: “Austal USA was selected as the second Navajo yard after the first builder Gulf Island Shipyard in Houma, La., ran into cost and schedule delays for the first four ships. The first hull, Navajo (T-ATS-6), was launched in May.”LCS-30, an Independence-class Littoral Combat Ship built in Mobile by Austal USA, is shown after its arrival in Sydney, Australia. Related:Austal USA braces for boom: 2,000 new jobs, new facilities to comeAustal USA lays keel for last Littoral Combat Ship, the vessel ‘that made the company’U.S. Navy gives Austal USA its first contract for steel ships

Source: Forbes July 28, 2023 18:43 UTC