Austal CEO: Korean bid for Austal USA has ‘great momentum’

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Paddy Gregg, the CEO of Austal Ltd., the parent company of Mobile-based shipbuilder Austal USA, visited the Alabama yard on Dec. 4, 2024.

A top executive at Austal said he thinks there’s “great momentum” behind a Korean company’s proposal to buy Mobile-based Austal USA, and that he thinks the deal has support from “senior people in the Department of War.”

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