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 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....
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 …
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.
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...
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.
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U.S. Navy Partners with Private Equity to Revitalize Alabama …
Sep 23, 2024 · As part of the initiative, the private investment firm United Submarine Alliance Qualified Opportunity Fund (USA Fund) has acquired the assets of Alabama Shipyard in Mobile, Alabama. The...
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...
Navy-backed USA Fund acquires Alabama Shipyard site to boost …
Sep 23, 2024 · In a move that sees the Navy partnering with private equity and private industry, the Alabama Shipyard site in Mobile, Ala., has been acquired by the United Submarine Alliance (USA) Qualified Opportunity Fund (the USA Fund) and renamed the Mobile Naval Yard.