Hanwha offers up to $1.2b for Austal’s US shipbuilding arm

Hanwha Group is seeking to acquire the US arm of Austal, Australia's biggest shipbuilding company, in a move to substantially strengthen the South Korean conglomerate’s shipbuilding and defense presence in the US. Hanwha Defense USA, a US subsidiary of Hanwha Aerospace, said Tuesday it has submitted “a preliminary, non

11 Aug 2026 07:34AM (Updated: 11 Aug 2026 08:33AM) Aug 11 : Australian shipbuilder Austal Ltd said on Tuesday it had received an offer from a unit of South Korea's Hanwha Group to buy its U.S. operations for an indicative enterprise value of up to $1.20 billion.Hanwha Defence USA has offered $1.05 billion to $1.20 bill

Shipbuilder Austal gets $1.2 billion offer for US operations from Hanwha  Reuters