Navy Taps Private Equity Fund to Build New Alabama Sub ... - USNI News
Sep 22, 2024 · The Navy tapped a Connecticut private equity group with a background in tax break investments to fund construction of a major submarine supplier yard in Mobile, Ala., in a public-private partnership, the sea service announced late Friday.
Alabama will get $1 billion in defense spending bill: Here’s where …
Dec 18, 2024 · Expanding Navy Shipbuilding at Austal USA in Mobile, AL to include a 2nd Virginia-Class Submarine in FY25. Authorizes increased funding to enhance the submarine industrial base.
Alabama shipyard to take some pressure off submarine ... - Yahoo News
Sep 27, 2024 · The outsourcing will help EB and its partners in the submarine industrial base meet the U.S. Navy's goal of delivering two Virginia-class and one Columbia-class submarines annually, U.S. Rep....
On the Line: Austal USA in Mobile, Alabama, is world’s top …
3 days ago · Alabama News Center is continuing its video series titled “On the Line” focusing on manufacturers across the state who design and create products that people use in their everyday lives. ... producing both aluminum and steel ships for the Navy and Coast Guard – the only Navy shipbuilder to do so. The company has a $10 billion production ...
Navy: Mobile region could gain 3,000 new jobs as Alabama …
Sep 20, 2024 · Navy officials say 3,000 new jobs could be created in the Mobile region over the next four years as the U.S. Navy looks to nearly double submarine production by 2028, and major changes are in store for Austal USA and Alabama Shipyard, both located inside the …
Private Equity Fund Buys Alabama Shipyard for Austal USA's Sub …
Sep 23, 2024 · The U.S. Navy has helped finance a major shipyard acquisition agreement on the Gulf Coast, expanding its submarine construction capacity by brokering a de-facto merger of two private shipyard...
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AlaDefense.com provides news and feature stories about military and defense industries in Alabama. We also provide strategic communication services. Click on one of the links labeled About us.
Ballistic Missile Submarine USS Alabama CO Removed from Command - USNI News
Sep 25, 2023 · The commander of Submarine Group 9 relieved the commanding officer of the nuclear ballistic missile submarine USS Alabama (SSBN-731), the Navy announced Monday.
Navy officials: Austal USA sub work serves 'national security ... - al.com
Oct 23, 2024 · High-ranking U.S. Navy officials at a Wednesday ceremony in Mobile emphasized the key role shipbuilder Austal USA now has in helping the nation to quickly manufacture new generations of nuclear...
Alabama Shipyard chosen for post-shakedown work on Navy's …
Nov 1, 2024 · The Navy has awarded Alabama Shipyard LLC, based in Mobile, a potential $26 million contract to perform post-shakedown work on its new replenishment oiler, the USNS Harvey Milk.