Davie to Acquire Two Texas Shipyards, Invest US$1B in Upgrades
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AI Article Summary
Davie has announced its plan to acquire two shipyards in Texas from Gulf Copper & Manufacturing, with intentions to invest US$1 billion in upgrading them. This acquisition will support U.S. federal priorities and is expected to create roughly 4,000 jobs. The deal, marking Davie's expansion into the U.S., is anticipated to close by summer 2025, following regulatory approvals. The move will strengthen Davie's role in the U.S. shipbuilding industry and address the Arctic capability gap.