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US Navy shipbuilder Austal USA to pay $24M to settle fraud probe
The Justice Department said Austal USA conspired to mislead shareholders and investors about its financial condition.
Amid hiring boom, defense firms say labor shortage is dragging them down
Labor shortfalls rooted in the lingering effects of the COVID-19 pandemic remain a millstone around the neck of the defense industry, forcing firms to juggle staff, hold job fairs and find workarounds to keep operations running as smoothly as possible.
‘No company is immune’: Supply chain woes weigh on defense firms
Supply chain problems have hit all sides of the defense industry in unexpected ways — and small businesses with narrower profit margins are particularly worried about how they can weather this storm.
Huntington Ingalls CEO: We’re not enforcing vaccine mandate
Huntington Ingalls Industries says it is not forcing out employees who refuse the coronavirus vaccine.
Lawmakers to debate defense hike, Afghanistan at NDAA markup
Sparring over the size of the defense budget and partisan recriminations over the U.S. exit from Afghanistan are expected to dominate the House Armed Services Committee’s marathon markup of its annual policy bill on Wednesday.
By Joe Gould