Austal USA president resigns following investigation into LCS program

By Aidan Quigley / February 23, 2021 at 1:01 PM
Austal USA President Craig Perciavalle has resigned following an investigation into the company's Littoral Combat Ship program, Austal announced today. The company said it hired lawyers to conduct an investigation into three issues also being investigated by the Justice Department and the Securities and Exchange Commission: "the write back of work in progress (WIP) attributable to the LCS program in July 2016, the procurement of certain ship components for use in connection with U.S. government contracts and charging and allocation...

Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on defense policy and procurement.

Log in to access this content.