President Trump has extended the Jones Act waiver for another 90 days while narrowing its scope, requiring foreign-flag vessels to obtain approval voyage by voyage rather than operating under a blanket exemption, the White House said.
The Congressional Budget Office has released a report on the estimated cost for the Navy's Trump class battleship and its 2027 shipbuilding plan.
Hanwha Group has offered to acquire Austal’s U.S. shipbuilding operations for as much as $1.2 billion, as the South Korean conglomerate looks to expand its presence in the U.S. defense shipbuilding market.
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