Hanwha Bids $1B for Austal USA
6 sources · first reported 4d ago
Hanwha, a South Korean shipbuilder, has made a $1 billion bid to acquire Austal USA, the US subsidiary of Australian shipbuilder Austal. Austal also reported a loss of $79.73 million due to contract setbacks with the Navy's Navajo-class ships.
Why it matters
The acquisition bid and Austal's financial loss have significant implications for the US Navy's shipbuilding programs and the defense industry as a whole.
Independent Media 6
Single-source: Independent Media
Development timeline
How this story unfolded across sources, oldest first.