30 Jun '16, 8pm

Austal Suspends Trading to Review US Shipbuilder

Austal Suspends Trading to Review US Shipbuilder

Austal USA shipyard builds LCS, EPF ships The littoral combat ship Gabrielle Giffords fitting out at Austal USA's shipyard in Mobile, Ala. The yard builds LCSs and expeditionary fast transports for the US Navy. (Photo: Austal USA) 13 CONNECT TWEET 129 LINKEDIN COMMENT EMAIL MORE WASHINGTON — The Australian parent company of shipbuilder Austal USA suspended trading of its ordinary shares Thursday to review the performance of the US company. Austal Ltd., based in Perth, Australia, made the announcement in a market notice released June 30 Australian time, or Wednesday evening June 29 in the US. Austal USA operates a modern shipyard in Mobile, Alabama, where it supplies ships to the US Navy, its sole customer. Austal is the prime contractor for the LCS 2 Independence-class of littoral combat ships and for the EPF 1 Spearhead-class fast expeditionary transports, formerly known ...

Full article: http://www.defensenews.com/story/defense-news/2016/06/30/...

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