US Navy shipbuilder Austal USA to pay $24M to settle fraud probe

US Navy shipbuilder Austal USA to pay $24M to settle fraud probe

Austal USA, a shipbuilder in Alabama, agreed to pay a $24 million fine to settle an accounting fraud case with the U.S. Department of Justice. The company misled investors about its financial condition from 2013 to 2016. Executives indicted for fraud.

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