Richard Spencer, former U.S. secretary of the Navy, has been selected to replace John Rothwell as chairman of Perth, Australia-based Austal. Rothwell will step down on Monday after nearly four decades in the role. As Austal’s new chair, Spencer said he will build on Rothwell’s yearslong work, which enabled the company to achieve its current...
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Australia Agrees to Explore Strategic Shipbuilder Agreement With Austal
The Australian government has signed a heads of agreement with Austal to create a strategic shipbuilder agreement, which if ultimately forged would install the company as the government’s strategic shipbuilder in Henderson, West Australia. According to Austal’s announcement of the preliminary agreement, the HoA defines the SSA’s key principles and sets the discussion points and...