Latest news with #AustalUSA
Yahoo
25-04-2025
- Business
- Yahoo
BigBear.ai Shares Jump 11% on Friday After Announcing AI Deal With Austal USA
(BBAI, Financials) rose 11% to $3.23 as of 10:37 a.m. Eastern Time on Friday after the company announced it would supply its AI-powered manufacturing platform to shipbuilder Austal USA. Warning! GuruFocus has detected 6 Warning Signs with BBAI. The platform, known as Shipyard AI, will be deployed at Austal USA's facility in Mobile, Alabama, as part of a broader modernization effort. Austal is one of the largest shipbuilders in the United States and a supplier of submarine modules to the U.S. Navy. said the software aims to streamline capacity planning and reduce production delays by optimizing the use of labor and real estate. The goal is to boost shipbuilding efficiency and maintain timely delivery of vessels under tight budget and schedule constraints. Kevin McAleenan, chief executive of said in a statement that the collaboration will support national defense efforts and help scale submarine production capabilities. He added that Shipyard AI was developed specifically to meet the demands of shipyard planners and builders. The partnership reflects the defense sector's increasing use of artificial intelligence and digital twin technologies to improve operations and meet Pentagon requirements for rapid naval force deployment. This article first appeared on GuruFocus. Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
BigBear.ai Powers Austal USA's Next-Gen Submarine Construction Using AI and Digital Twins
MCLEAN, Va.--(BUSINESS WIRE)-- (NYSE: BBAI), a leading provider of AI-powered decision intelligence solutions for defense and national security, today announced it will deploy its AI/ML-powered heavy manufacturing planning and production platform for Austal USA, one of the largest shipbuilders in the United States, and a module supplier for U.S. Navy submarines. In support of a significant modernization investment at its Mobile, Alabama headquarters, Austal USA will leverage shipbuilding software platform, Shipyard AI ®, to streamline shipbuilding capacity planning, maximizing efficiency and cost savings for Austal USA and the federal government. Austal USA will leverage shipbuilding software platform, Shipyard AI®, to streamline shipbuilding capacity planning, maximizing efficiency and cost savings for Austal USA and the federal government. Share 'We are honored to support Austal USA in its mission to modernize and scale naval submarine production in the United States, ultimately serving important national defense efforts,' said Kevin McAleenan, CEO of 'Our Shipyard AI ® platform was developed by, and for, shipyard planners and builders to provide heightened efficiency and efficacy at each stage of the shipbuilding lifecycle, minimizing costly delays in production and ultimately delivering vessels to their mission operators more quickly.' Shipbuilders can face resource and capacity constraints, costly bottlenecks, and a limited labor force, presenting challenges while striving to adhere to predetermined budgets and schedules to achieve project milestones. Shipyard AI ® will assist Austal USA in capacity planning optimizing the use of shipyard real estate and resources. As a result, will help ensure the U.S. sustains a strong deterrent posture and retains the capability to rapidly project force against perceived adversaries. For more information about Shipyard AI ®, read the solution brief. About is a leading provider of AI-powered decision intelligence solutions and services for national security, defense, travel, trade, and enterprise. Customers and partners rely on artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in McLean, Virginia, is a public company traded on the NYSE under the symbol BBAI. For more information, visit and follow on LinkedIn: @ receive email communications from register here.
Yahoo
02-04-2025
- Business
- Yahoo
What President Trump's ‘Liberation Day' could mean for the Mobile economy
MOBILE, Ala. (WKRG) — President Donald Trump is calling April 2 'Liberation Day' for his tariffs to implement them on other countries because he no longer wants the United States to rely so heavily on foreign goods. Mobile Chamber CEO Bradley Byrne said everything about Trump's tariff plan remains uncertain, so they are unsure of how to react to the tariffs until they are implemented. Pensacola family lost loved one and feels precious moments were lost Several Mobile area businesses and industries such as Austal USA, Airbus and the Port of Mobile rely on imported goods. They are some the main drivers for the Mobile economy. Byrne said the chamber is concerned about how these tariffs could impact those businesses and industries. 'The chamber has taken the position that across-the-board tariffs are not good,' Byrne said. 'We oppose them.' Very little is known about President Trump's plan for his tariffs on Wednesday. The president has already implemented a 20% tariff on Chinese imports and a 25% tariff on imports from Canada and Mexico. Baldwin County's Amber Buswell wins Remarkable Women award for her contributions The purpose of tariffs is to help American businesses, according to Byrne, but if they are used incorrectly, they could have a ripple-down effect. 'It could affect employment, and once again, we just don't know that yet,' Byrne said. 'If you drive the car prices up, not too high and people aren't going to buy it. And the people that produce are the people that use that to make something, it could affect their job.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
