The Department of Justice and the Securities and Exchange Commission (SEC) have charged three current or ex-Austal USA executives with accounting fraud in the construction of Independence-class Littoral Combat Ships (LCS). A grand jury issued indictments against Craig Perciavalle, who … Continue reading
Tag Archives: Austal USA
The Littoral Combat Ships (LCS) are not the only small new Navy ships with serious operating deficiencies. Recently, the Department of Defense Office of the Inspector General released a report on the shortcomings of a new class of fast, shallow draft, transport ship, … Continue reading