Austal USA Mobile

The U.S. Department of Justice said Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation.

Austal USA has announced the company received a contract from the U.S. Navy with a potential value of over $3 billion. The project will create 800 new jobs initially in Mobile. By next fall, that number will be closer to 1,800.

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