US Navy Shipbuilder Austal USA Agrees to Pay $24 Million to Settle Accounting Fraud Probe
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US Navy Shipbuilder Austal USA Agrees to Pay $24 Million to Settle Accounting Fraud Probe

Austal USA, an Alabama-based shipbuilder that makes vessels for the U.S. Navy, has admitted wrongdoing and agreed to pay a $24 million fine to settle an accounting fraud investigation, the U.S. Department of Justice announced Tuesday.