Textron Systems pairs autonomous technology with Boston Whaler hulls to deliver uncrewed vessels faster than traditional military acquisition and Vigor Marine Group completes a sale to a Paris-based infrastructure investor. Plus the IRS tells foreign Jones Act waiver operators that domestic voyages mean domestic taxes.
This Week’s Stories
Textron taps Brunswick commercial production to scale TSUNAMI USVs
Textron Systems is building its autonomous TSUNAMI vessel line on Boston Whaler hulls pulled straight from commercial production — cutting the time from concept to operational vessel from years to months.
Read the full story →Lone Star Funds completes sale of Vigor Marine Group to Antin Infrastructure Partners
Antin Infrastructure Partners, a Paris-based private equity firm, has completed the acquisition of Vigor Marine Group — one of the country’s most active ship repair and construction companies with six drydocks, 29 berths, and about 2,700 workers.
Read the full story →IRS says foreign vessel operators must report income from Jones Act waiver voyages
The IRS has issued guidance making clear that foreign corporations earning income from Jones Act waiver voyages between U.S. ports cannot claim the tax exclusions normally available for international shipping — and must report that income as domestic.
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