Wildcat Infrastructure submits a competing bid for Austal USA, topping an earlier South Korean offer, and the Navy awards Landing Craft, Utility 1700 prototype contracts to three Gulf Coast shipyards. Plus WorkBoat sits down with Hornbeck CEO Todd Hornbeck days after the Helix merger closed.
This Week's Stories
Wildcat Infrastructure submits competing bid for Austal USA
Miami-based investment firm Wildcat Infrastructure has submitted a nonbinding proposal to acquire Austal USA from its Australian parent company, proposing an enterprise value of 1.25 billion to 1.35 billion dollars, topping a competing South Korean offer. Austal Limited's board is now considering both proposals.
Read the full storyNavy orders seven LCU 1700s from three new shipyards
The Navy has awarded competitive prototype agreements to Saronic Technologies, Conrad Shipyard, and Master Boat Builders for a total of seven Landing Craft, Utility 1700 vessels totaling 280.5 million dollars, expanding the landing craft industrial base across three Gulf Coast yards for the first time.
Read the full storyHornbeck CEO on Helix deal, defense growth, and next-gen vessels
WorkBoat executive editor Eric Haun sat down with Todd Hornbeck, president and CEO of Hornbeck Offshore Services, days after the company completed its all-stock merger with Helix Energy Solutions Group, creating an 85-vessel integrated offshore services company trading as HOS on the New York Stock Exchange.
Read the full story