The Navy today announced its involvement in a new "public-private collaboration" with the United Submarine Alliance (USA), Qualified Opportunity Fund LP -- a private-equity fund that has purchased 355 acres from Alabama Shipyard that will be used to build submarine modules and expand industrial base capacity. The initiative is intended to attract private investment to the struggling submarine industrial base, according to a Naval Sea Systems Command announcement . Shipbuilder Austal USA, whose own shipyard sits next door to the...
