Changes afoot at Austal

MOBILE, Ala. -- Changes are taking place at shipbuilder Austal USA. Joe Rella resigned as president of Austal USA, and the company may be talking to General Dynamics to sell at least part of its Mobile shipyard. The Mobile Press-Register cited maritime analyst Tim Colton's blog. Colton said in a post today that the "hot rumor" is that a majority interest in the yard is being sold to General Dynamics, whose Marine Systems division includes Bath Iron Works and Electric Boat. (Source: Mobile Press-Register, 06/26/12) Austal USA is owned by Australia's Austal.