Austal USA announced Friday the completion of an agreement to buy new land and dry dock facilities on Mobile’s waterfront that will help it expand into steel ship production and be in a better position to compete for future shipbuilding contracts from the United States Navy.
The purchase of the waterfront land, buildings and an existing dry dock along the Mobile River previously owned by World Marine of Alabama, a subsidiary of Modern American Recycling and Repair Services of Alabam, will enhance the company’s new construction and service business lines.
“As we’ve consistently done over the course of our history, we’re adding capability to meet the growing demand from our customers,” Austal USA President Craig Perciavalle said in a statement. “Our business remains focused on continuing to manufacture highly capable and cost-effective ships while providing world-class global services and support to our customers.”
The purchase includes the 20,000 ton ‘Pete B’ Panamax-class floating dry dock, 100,000 square feet of covered repair facilities and 15 acres of waterfront property along the Mobile River and the Gulf of Mexico. The move places Austal USA’s existing footprint adjacent to M.A.R.R.S. and, according to Perciavalle, will enable better collaboration with the company on its core recycling efforts.
The acquisition further increases Austal USA’s growing steel and aluminum business portfolio that includes U.S. Navy multi-ship contracts for the Independence-variant Littoral Combat Ship (LCS) and the Expeditionary Fast Transport (EPF), research and development on unmanned and autonomous surface vessels and an expanding global services business in San Diego and Singapore.
Austal USA has delivered 22 new construction ships since 2012 including 11 EPFs and 11 trimaran LCS. Multiple EPF and LCS have deployed around the world with Austal USA providing valuable support to those deployments wherever and whenever needed.
This page is available to subscribers. Click here to sign in or get access.
It looks like you are opening this page from the Facebook App. This article needs to be opened in the browser.
iOS: Tap the three dots in the top right, then tap on "Open in Safari".
Android: Tap the Settings icon (it looks like three horizontal lines), then tap App Settings, then toggle the "Open links externally" setting to On (it should turn from gray to blue).