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LCS shipbuilder president resigns amid US and Australian financial investigations February 22 The littoral combat ship Jackson pierside in San Diego, Calif. Construction costs on Jackson led to a $115 million write-off that is now the subject of international investigations. (Lt. Miranda Williams/U.S. Navy) WASHINGTON – The head of Alabama shipbuilder Austal USA has resigned amid investigations from U.S. and Australian authorities into a $115 million loss the company posted in 2016 that was tied to the builder’s Independence-class littoral combat ship program. The company announced in a press release Monday that Austal USA President Craig Perciavalle has resigned and been replaced in the interim by Rusty Murdaugh, the company’s chief financial officer.

United statesCraig perciavalleExchange commissionDepartment of justiceUs navyInvestments commissionAustal united statesAustal united states president craig perciavalleRusty murdaughAustralian securitiesDefense newsVessel rulesSea systemsAustal usaAustal president firedLittoral combat ship investigation