Three former Austal executives were indicted last year on accounting fraud charges and are awaiting trial. Also on Tuesday, ...

The Securities and Exchange Commission Tuesday said U.S. Navy shipbuilder Austal USA will pay a $24 million civil penalty for ...

Three former Austal USA executives were indicted last year on accounting fraud charges. They are awaiting trial.

Austal USA LLC, Mobile, Ala., pleaded guilty and agreed to pay $24 million to settle with the U.S. Department of Justice over ...

Austal USA conspired to mislead shareholders and investors about the company’s financial condition, the department said.

Executives with military shipbuilder Austal say settling an accounting fraud investigation is the best outcome for the ...

MOBILE, Ala. (AP) — Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing ...