Austal USA has confirmed that it has entered into an agreement to purchase additional land, buildings and dry dock at the company’s existing shipbuilding infrastructure at Mobile, Alabama.
Further to its recent announcement regarding the expansion of its facilities to build steel ships, Austal is pleased to announce the execution of a conditional agreement to purchase additional waterside land and facilities in Mobile, Alabama.
This property and facilities on the Mobile River include a dry dock capable of launching not only its current range of vessels but also heavier steel ships in the future.
On 22 June 2020, Austal announced the intention to spend approximately US$100 million on building a steel shipbuilding capability co-funded by the United States government to provide additional capability alongside Austal’s existing aluminium construction operations.
Austal has entered into an agreement with Modern American Recycling and Repair Services of Alabama (MARRS) today to acquire over 15 acres of waterfront land, buildings and assets, including an existing dry dock on the MARRS’ Mobile riverfront property.
Subject to satisfaction of the relevant conditions to purchase, the acquisition would be a useful expansion of Austal’s capacity in the Mobile area.
The acquisition would support Austal USA’s new construction and service strategy by securing launch and deep water berthing capability in support of future new construction efforts, including steel ships, while also giving Austal USA increased service and repair capacity in Mobile.
Austal USA is one of the largest shipbuilders in the United States. The company’s manufacturing facility and headquarters is located on 164 acres of land on the Mobile River.
MARRS is located across the river and will increase the ability of Austal USA to expand its aluminium, steel and repair operations in a vital part of the United States that boasts a rich tradition of shipbuilding and repair work.
Austal is a global defence prime contractor and a designer and manufacturer of defence and commercial ships. For more than 27 years, Austal has been a leader in the design, construction and maintenance of revolutionary ships for governments, navies and ferry operators around the world.
Austal is Australia’s global shipbuilder, defence prime contractor and maritime technology partner of choice – designing, constructing and supporting revolutionary defence and commercial vessels for the world’s leading operators.