Del Toro: U.S. shipbuilding stands to benefit from foreign investment

By Nick Wilson / March 7, 2024 at 5:18 PM
The United States shipbuilding industry could benefit from foreign investment, Navy Secretary Carlos Del Toro said today, indicating a "cash infusion" from an international shipbuilder could boost production capacity, drive down prices and inject competition into the domestic market. “I think there are several smaller U.S. shipyards that have gone dormant and perhaps are struggling that could benefit from a cash infusion from an international investor here in the United States, the way that Austal, the way that BAE [Systems],...

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