Craig Perciavalle News

Austal USA LLC has pled guilty and has agreed to pay $24 million to resolve an investigation by the U.S. Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial capability audit.The Justice Department’s criminal resolution was coordinated with the U.S. Securities and Exchange Commission (SEC). Separately, Austal USA also entered into a False Claims Act settlement with the department’s Civil Division to resolve claims that it knowingly provided non-compliant parts to the U.S. Navy.

Austal USA has hired Adam Overstreet as vice president of legal affairs and chief compliance officer.Overstreet will manage a broad spectrum of legal issues, including employment and labor law matters, commercial transactions, and litigation. As the company’s chief compliance officer, Overstreet will oversee and strengthen the execution of compliance activities throughout the organization.“Austal USA takes compliance with all laws and government regulations seriously,” Austal USA President Rusty Murdaugh stated.

Fincantieri Marine Group announced on Thursday that it has suspended the general manager of its Bay Shipbuilding shipyard in Sturgeon Bay, Wis. over recent criminal fraud charges.The U.S. Department of Justice (DOJ) recently charged Craig Perciavalle and two other former Austal USA employees for "allegedly making or causing to be made false and misleading statements about Austal USA's performance and financial condition between 2012 and 2016", according to Austal USA, a subsidiary of Australian shipbuilding group Austal. The U.S.

A federal grand jury returned an indictment last week charging three Alabama men with orchestrating an accounting fraud scheme at the Mobile-based shipbuilder Austal USA LLC.The yard builds vessels for the U.S. Navy, including the Independence-class Littoral Combat Ship (LCS). Austal USA is a wholly owned subsidiary of the Australian company Austal Limited.According to court documents, from at least in or around 2013 through at least in or around July 2016, Craig Perciavalle, 52…

Following the news on Wednesday that Crest Wind, a joint venture between Crowley and ESVAGT, is set to build a service operation vessel for operations in the U.S. offshore wind sector, the partners have now selected a shipbuilder for the SOV construction.Fincantieri Marine Group said Wednesday it had reached an agreement on a contract with CREST Wind to design and build a 288-ft. HAV 832 Service Operation Vessel (SOV).SOVs are purpose-built vessels used to transport technicians to service and sustain the operation of wind turbines at sea. Crowley is a U.S.

Great Lakes shipbuilding and repair yard Fincantieri Bay Shipbuilding broke ground on a new 19,000 sq. ft. machine shop at its Sturgeon Bay, Wis. location on Friday.Inside the future 300-ft. long building, shipbuilders will have access to two overhead cranes capable of lifting 5 and 30 tons, respectively. At the other end of the building there will be offices, restrooms, a lunchroom and a tool room. The facility will primarily support Bay’s repair business.Planning started nine months ago for the new building, which long-time construction partner A.C.E.

The Shipbuilders Council of America (SCA), the national association representing the U.S. shipyard industry, today announced the 2022 Annual Shipyard Safety Awards. SCA recognized a total of 15 U.S. shipyards and repair facilities with seven recipients receiving multiple awards.SCA honors shipbuilding and repair organizations with the “Excellence in Safety” Award and “Improvement in Safety” Award each year for enhancement of operations and promotion of safety and accident prevention.

Fincantieri Bay Shipbuilding announced it has started construction on the largest liquefied natural gas (LNG) bunkering barge ever built in the U.S.The newbuild, expected to be completed in late 2023, is being built for Crowley, the largest independent operator of tank vessels in the U.S., who will operate the vessel under a long-term charter with Shell NA LNG, LLC. Bay Shipbuilding announced it won the contract to build the barge in September.The 416-foot vessel, which will have the capacity for 12…

Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding said it has delivered the 340-ft. liquefied natural gas (LNG) bunkering barge, Clean Canaveral, to Polaris New Energy on Friday, December 3.Built as part of an articulated tug and barge unit (ATB), the 5,500 cubic meter capacity barge is the largest of its kind ever built in the U.S., and will soon be followed by another barge of similar size for an affiliate of Polaris New Energy, as they grow their leadership position in the domestic LNG bunkering market.“We are really proud to deliver this important vessel on time…

U.S. shipyard Fincantieri Bay Shipbuilding announced a change of leadership. Todd Thayse, who began working at Fincantieri Bay Shipbuilding more than 37 years ago and he has spent the last 10 years as the vice president and general manager, has decided to retire.“The timing of one’s retirement is not an easy decision,” Thayse said. “Especially when you enjoy what you do and the people you get to work with every day.”Thayse will remain at FBS through mid-January to help enable a smooth transition with the incoming VP and GM, Craig Perciavalle.

Craig Perciavalle resigned as president of Austal USA on Monday amid investigations into the shipbuilder's littoral combat ship (LCS) program for the U.S. Navy.Chief financial officer Rusty Murdaugh has been named interim president of the Mobile, Ala. shipbuilder, a subsidiary of Australia-based Austal.According to Austal, the separate ongoing investigations by the U.S. Department of Justice, the Securities Exchange Commission, and the Australian Securities and Investments Commission are focused on "historical matters" before July 2016.

Shipbuilder Austal USA said it has promoted Sandra Koblas to vice president of human resources.Koblas joined Austal USA in 2007 and has served as the Mobile, Ala. shipyard's director of human resources for the past eight years, leading the company’s employee relations; diversity, equity and inclusion; talent acquisition and management; and education, training and workforce development.As vice president of human resources, she will lead a team poised to address workforce, training…

Mobile, Ala. shipbuilder Austal USA said Wednesday it has delivered the future USS Mobile, the 13th Independence-variant littoral combat ship (LCS) for the U.S. Navy.Mobile (LCS 26) is one of 16 ships Austal has delivered to the Navy over the last five years, including four deliveries in 2020.“We’re especially excited for Mobile to join the fleet to pay tribute to a great community which has contributed to our success in so many ways over the years,” Austal USA President Craig Perciavalle said.

The future USS Mobile (LCS 26) completed acceptance trials in the Gulf of Mexico on September 25, Mobile, Ala. shipbuilder Austal USA announced. LCS 26 is the third Austal-built ship for the U.S. Navy to complete acceptance trials in 2020.“I am proud of how the Austal team has come together again, in the middle of this pandemic, only a week after a Cat 2 hurricane made landfall in our backyard, completing another major milestone for one of our Navy ships - especially one so near and dear to us, named after our great city of Mobile, Alabama,” said Austal USA President Craig Perciavalle.

Shipbuilder Austal's U.S. subsidiary Austal USA announced Friday it has completed the purchase of waterfront land, buildings and an existing dry dock along the Mobile River to enhance its 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. “Our business remains focused on continuing to manufacture highly capable…

The U.S. Navy accepted delivery of the future USS Oakland (LCS 24) Friday during a ceremony at Austal USA in Mobile, Ala. The delivery marks the final milestone prior to the ship's scheduled commissioning in early 2021.Oakland is the 22nd littoral combat ship (LCS) and the 12th of the Independence variant to join the U.S. Navy fleet. Its delivery marks the official transfer of the ship from the shipbuilder to the Navy, bringing the service's inventory up to 300.“This is a great day for the Navy and our country with the delivery of the future USS Oakland,” said LCS program manager Capt.

Australian shipbuilding group Austal announced its Chief Operating Officer Patrick Gregg will take over as Chief Executive Officer effective January 1, 2021, following a six-month transition from current Managing Director and CEO David Singleton.Gregg was appointed as COO 3.5 years ago with a view to him being a natural successor for the CEO role in the future, said John Rothwell, Chairman of Austal Limited. Since Gregg's appointment Austal has set up operations in Vietnam, expanded…

Austal USA was awarded a contract by the U.S. Navy today to build two additional Littoral Combat Ships (LCS) for the US Navy fleet – bringing the total to four LCS awarded to Austal USA in 2018. The specific value of each contract is under the congressional cost cap of $584 million per ship.“To be awarded two more LCS contracts before the end of the year is beyond exciting,” said Austal USA President Craig Perciavalle. “This contract directly reflects the confidence the U.S. Navy has in Austal USA and our supplier base of over 10,000 nationwide and our ability to build highly capable ships at an affordable cost.”With eight delivered…

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional Independence-variant Littoral Combat Ships, LCS 32 and 34, its 16th and 17th vessels in the class. The specific value of each contract is under the congressional cost cap of $584 million per ship.“To be awarded these contracts in such a highly competitive environment is a great honor,” said Austal USA president, Craig Perciavalle. “This is a testament to the hard work and commitment of our talented employees and dedicated supplier network…

Charleston (LCS 18), the ninth Independence-variant Littoral Combat Ship (LCS) constructed by shipbuilder Austal USA, completed acceptance trials in mid-July, marking the final significant milestone before the ship's delivery to the U.S. Navy.The at-sea acceptance trials, which involved the execution of intense comprehensive tests by the Austal-led industry team while underway in the Gulf of Mexico, demonstrated to the Navy the successful operation of the ship’s major systems and equipment.LCS 18 will be the third Independence-variant LCS Austal delivers to the Navy in 2018.

The United States’ fifth largest shipbuilder Austal USA has opened a new operations office in San Diego on Wednesday, in a move that aims to improve existing local support capabilities to the U.S. Navy’s Littoral Combat Ships (LCS) and Expeditionary Fast Transports (EPF) programs.“Today’s opening is a direct reflection of the company’s commitment to provide the U.S. Navy, not only exceptional ships, but outstanding service and support for the life of the ship,” explaiend Austal USA president, Craig Perciavalle.

Austal USA received the Shipbuilders Council of America (SCA) Excellence in Safety award during SCA’s annual meeting in Washington, D.C.SCA, the national association representing the U.S. shipyard industry, honors companies with annual safety awards for enhancement of operations and promotion of safety and accident prevention. Austal USA is one of 19 SCA member companies to receive awards for continued advancement of employee safety in the shipyard industry this year.“Shipyards are complex work environments and safety of employees is critical,” said Matthew Paxton, President of the SCA.

Shipbuilder Austal USA announced today it has acquired privately held ElectraWatch, Inc. in an all cash stock purchase. Headquartered in Charlottesville, Va., ElectraWatch develops and deploys portable probe devices that help maintain aluminum structures. According to Austal USA, the acquisition reinforces its position in aluminum ship manufacturing and sustainment and extends its ability to support the U.S. Navy fleet where nearly every ship includes aluminum structures. “The combination of ElectraWatch patented technology along with Austal USA’s advanced ship manufacturing and sustainment expertise reinforces the company’s position as an industry leader to efficiently support the aggressive shipbuilding and sustainment requirements from our U.S.