The U.S. subsidiary of Australian contractor Austal has acquired waterfront property and ship repair infrastructure and drydocking yard in Mobile, Alabama, from Modern American Recycling and Repair Services for an undisclosed sum as part of shipbuilding and service expansion efforts.
The deal includes a 20K-ton ‘Pete B’ Panamax-class dry dock, 100K square feet of repair facilities and 15 acres of land along Mobile River and Gulf of Mexico, Austal USA said Friday.
The assets were previously under the ownership of MARRS’ World Marine business.
Austal USA announced a potential $100M investment plan with the U.S. government in June to establish steel shipbuilding infrastructure.
The military shipbuilder is under contract to build Expeditionary Fast Transport and Littoral Combat Ships for the U.S. Navy and is conducting unmanned surface vessel research-and-development efforts.