The West Australian News

Austal Stops Shares Trading

 Review of U.S. Ops Reportedly Underway The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.S. operation, Austal USA. Austal USA is best known for it construction of vessels for the U.S. Navy, and late last year the parent company’s price took a hit amidst reports of difficulties with the Littoral Combat Ship program. As recently as two days ago (June 28, 2016), a ceremony was hosted at the U.S. facility in Mobile, Alabama to celebrate the keel authentication of the U.S. Navy's future USS Charleston (LCS 18), the