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Austal USA is currently constructing the Independence class of littoral combat ships for the United States Navy, based on a 127 m (417 ft) advanced trimaran seaframe. [9] In March 2015, Navy Secretary Ray Mabus testified before Congress that the Navy intends to purchase 52 of the vessels.
LCS-2 was the first ship built by Austal USA for the US Navy and the Navy's first trimaran Littoral Combat Ship. It is the first naval warship constructed in Mobile, Alabama since World War II. The basis of Austal's seaframe design was the 127-metre (417 ft) trimaran hull HSC Benchijigua Express.
On 18 May 2023, the navy awarded US$3.2 billion to the Austal USA shipyard in Mobile, Alabama to construct seven Explorer-class vessels. On May 30, 2024, the Navy awarded an additional $516 million to account for cost growth on the procurement of the first ship. [1]
Austal USA “engaged in a years-long scheme to illegally inflate its profits on ships the company was building for the U.S. Navy, reporting false financial results to investors, lenders, and its ...
The Justice Department said Austal USA artificially lowered cost estimates, despite rising shipbuilding costs, to meet its revenue budget and projections. That had the impact of falsely overstating Austal USA’s profitability on the ships and Austal Limited’s earnings reported in its public financial statements.
Austal USA agreed to pay a penalty of $24 million, according to the U.S. Justice Depa. Executives with military shipbuilder Austal said settling an accounting fraud investigation, which included ...
Independence under construction, 2007.. Planning for a class of smaller, agile, multipurpose warships to operate in the littoral zone began in the early 2000s. In July 2003, a proposal by General Dynamics (partnering with Austal USA, the American subsidiary of Australian shipbuilder Austal) was approved by the Navy, with a contract for two vessels. [24]
The initial order of littoral combat ships involved a total of four ships, including two of the Independence-class design. [7] On 29 December 2010, the Navy announced that it was awarding Austal USA a contract to build ten additional Independence-class littoral combat ships. [8] [9]