From Yahoo Finance: 2025-06-12 12:18:00

Shipbuilder Davie plans to acquire Gulf Copper & Manufacturing’s shipbuilding assets in Texas pending approvals, including land lease negotiations. The acquisition aligns with US national priorities and the Coast Guard’s Arctic Security Cutter programme. Davie’s entry into the US market promises faster delivery and cost savings for the government.

Davie’s expansion into the US aims to enhance its role in the trilateral Icebreaker Collaboration Effort, offering commercially viable icebreaker designs to address critical national security concerns. The company’s $1bn investment in upgrading facilities in Texas could create around 4,000 American jobs. Gulf Copper CEO expresses excitement about the potential opportunities for employees, partners, and communities.

Read more: Davie to acquire Gulf Copper’s Texas shipyards, expand US icebreaker fleet