Monday, June 23, 2008

New American CEO for Austal Ltd. Globally

Not getting much time to blog anymore. Still need to put up some interesting info. about the Cultural Impact Assessment at Nawiliwili Harbor. Also want to post something about the $5 million that HSF is seeking in grant from the DoD to add a ramp, desalination plant, and wastewater treatment plant to the Alakai's sister ship. And there is the recent filing in HI state court regarding HSF; already has that up. But, for now, this is something quick and easy to put up:


"Austal USA chief Browning tapped to lead Austal Ltd."
Posted by Kaija Wilkinson, Business Reporter June 22, 2008 9:01 PM

"Austal USA President and Chief Executive Officer Bob Browning will assume the role of chief executive officer and managing director of Australian parent Austal Ltd., Austal Ltd. announced today.

Browning "will assume responsibility for all operations of the company globally," an Austal statement said. His new role becomes effective on Aug. 22.

He will remain headquartered in Mobile, "reflecting the importance of the current and future operations in the U.S., particularly those in the military arena," the company said.

The appointment comes at a key time for Austal, which in April launched the 127-meter Littoral Combat Ship Independence, built for the U.S. Navy, from the Mobile shipyard. The shipbuilder is part of a team led by Virginia-based General Dynamics Corp. that is competing with a Lockheed Martin Corp.-led team to build up to 55 of the high-speed warships designed for shallow water combat.

Although the price tag for the first prototypes from both teams surpassed the half billion dollar mark after an initial $220 million estimate, Congress has set a $460 million cost cap on future ships.Austal, as prime contractor, is also competing for a second U.S. military contract - the eight-ship Joint High Speed Vessel program. The Navy expects the cost of the lead vessel to be about $208.6 million, with subsequent ships costing less, said Bill Pfister, Austal's vice president of external affairs.

Austal plans to break ground in late July on a new, $254 million modular manufacturing facility that promises to greatly enhance its efficiency in building multiple vessels simultaneously, Pfister said.

The shipyard is also building the second of two high-speed passenger-vehicle ferries for Hawaii Superferry Inc., part of a two-vessel, $190 million contract..."

Aloha, Brad

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