Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Austal USA LLC
Current Parent Company: Austal
Penalty: $48,000,000
Year: 2024
Date: August 27, 2024
Offense Group: competition-related offenses
Primary Offense: fraud
Secondary Offense: False Claims Act and related
Mega-Scandal: Federal Contractor Abuses
Violation Description: Austal USA LLC (Austal USA), a Mobile, Alabama-based shipbuilder that constructs vessels for the U.S. Navy and U.S. Coast Guard, pleaded guilty and agreed to pay $24 million to resolve an investigation by the Justice Department related to an accounting fraud scheme and efforts to obstruct the Defense Contract Audit Agency (DCAA) during a financial capability audit. The company also agreed topay restitution of up to $24 million for losses to Austal Limited shareholders.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Criminal Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Australia
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: heavy equipment
Specific Industry of Current Parent: shipbuilding
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.