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(Reuters) - Australian shipbuilder Austal Ltd sank as much as 8.4% to its lowest level in more than four years on Monday after the United States Department of Justice indicted three of its former U.S. employees on manipulating financial information.
Austal, which builds ships for the U.S. Navy and is working on parts of the Virginia class submarines, plunged to its lowest level since October 25, 2018, and marked its worst intraday drop since January 17.
The U.S. Department of Justice (DOJ) cha...
>>> Read more: Shipbuilder Austal sinks on former U.S. executives' indictment for financial fraud
Austal, which builds ships for the U.S. Navy and is working on parts of the Virginia class submarines, plunged to its lowest level since October 25, 2018, and marked its worst intraday drop since January 17.
The U.S. Department of Justice (DOJ) cha...
>>> Read more: Shipbuilder Austal sinks on former U.S. executives' indictment for financial fraud
