MOBILE, Alabama: Austal USA, an Alabama-based shipbuilder for the U.S. Navy, has agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced.
Between 2013 and 2016, Austal USA misled shareholders and investors about its financial condition, pleading guilty to securities fraud and obstruction of a federal audit. The company admitted to inflating profits o