EXCLUSIVE: How the Pentagon (quietly) spent $1 billion of inflation relief money

EXCLUSIVE: How the Pentagon (quietly) spent $1 billion of inflation relief money
EXCLUSIVE: How the Pentagon (quietly) spent $1 billion of inflation relief money

To help fight inflation, the Pentagon was given $1.05 billion to disperse to industry. Now, documents reviewed by Breaking Defense and interviews with key officials reveal how and why certain programs won out.

Austal eyeing European markets for US Navy’s new medical ship design

Austal eyeing European markets for US Navy’s new medical ship design
Austal eyeing European markets for US Navy’s new medical ship design

The Alabama-based shipyard is promoting the new medical ship at the Euronaval exposition in Paris.

New way of operating: Navy medicine prepares for a distributed fleet

New way of operating: Navy medicine prepares for a distributed fleet
New way of operating: Navy medicine prepares for a distributed fleet

The changes focus mainly on making standard medical equipment more suitable for use in a battlefield environment.

Hanwha drops Austal takeover bid

Hanwha drops Austal takeover bid
Hanwha drops Austal takeover bid

Hanwha informed Austal of the decision in a Sept 25 letter that it was dropping the bid over what it called “unprecedented” demands from the Aussie ship builder.

Austal settles DOJ investigation into former employees, will pay $24M fine

Austal settles DOJ investigation into former employees, will pay $24M fine
Austal settles DOJ investigation into former employees, will pay $24M fine

A trial for the three executives alleged to be responsible is set for January 2025.

In expansion, Austal USA undergoes ‘unique evolution’ beyond a two-trick shipbuilder

In expansion, Austal USA undergoes ‘unique evolution’ beyond a two-trick shipbuilder
In expansion, Austal USA undergoes ‘unique evolution’ beyond a two-trick shipbuilder

The Alabama-based Navy shipbuilder has spent its first 20 years focused on two major ship programs. That’s rapidly, and loudly, changing.

South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M

South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M
South Korean giant Hanwha agrees to acquire Philly Shipyard for $100M

It’s the latest in a series of moves South Korean shipbuilders have made to advance their interests in American-based facilities.

Navy lays out major shipbuilding delays, in rare public accounting

Navy lays out major shipbuilding delays, in rare public accounting
Navy lays out major shipbuilding delays, in rare public accounting

Ships from nine key programs are facing delays, in some cases of up to three years, according to a new Navy review.

Austal rejects Hanwha’s takeover bid — for now

Austal rejects Hanwha’s takeover bid — for now
Austal rejects Hanwha’s takeover bid — for now

Austal rejected the bid based on concerns it would not be approved by regulators, something Hanwha says should not be an issue.

4 companies, contenders for major unmanned ship program, pass engine reliability testing

4 companies, contenders for major unmanned ship program, pass engine reliability testing
4 companies, contenders for major unmanned ship program, pass engine reliability testing

The milestone comes as the Large Unmanned Surface Vessel program faces steep budget cuts.

Austal USA president resigns, search for shipbuilder’s new leader to begin

Austal USA president resigns, search for shipbuilder’s new leader to begin
Austal USA president resigns, search for shipbuilder’s new leader to begin

“Rusty made a lasting impact on the company,” Austal Limited Chief Executive Officer Paddy Gregg said of Rusty Murdaugh.

Cost, schedule for Coast Guard’s new cutter is sailing off course: GAO

Cost, schedule for Coast Guard’s new cutter is sailing off course: GAO
Cost, schedule for Coast Guard’s new cutter is sailing off course: GAO

The watchdog found the program’s cost has increased 40 percent over the past 10 years, and accumulated a year-and-a-half delay on the first four vessels.

Saildrone CEO says Iranian interference was valuable experience, not a surprise

Saildrone CEO says Iranian interference was valuable experience, not a surprise
Saildrone CEO says Iranian interference was valuable experience, not a surprise

“If someone takes it, good luck. Keep it, it’s worthless. We’ve got hundreds of them,” said Richard Jenkins, chief executive officer of Saildrone.

Navy testing autonomous transit for high speed, cargo ship

Navy testing autonomous transit for high speed, cargo ship
Navy testing autonomous transit for high speed, cargo ship

EPF-13 is expected to be the first operational US Navy ship capable of autonomously transiting a commercial sea lane.