"The company used a $50 million military grant under the CARES Act to construct a state-of-the-art steel panel line."
Austal has gotten millions and millions of dollars of grants from the U.S. government. I worked in a U.S. owned shipyard in Mobile that went bankrupt. We did not get millions in government grants. Austal actually eventually bought the shipyard I worked at with grants in a "partnership" from the U.S. government.
I know a lot of folks who work at Austal. I hope they fair well.