Hanwha ups Austal stake in key step toward U.S. Navy shipbuilding

Hanwha Group is set to become the largest shareholder of Austal, an Australian global defense company that builds warships for the United States, marking a key step toward entering the U.S. naval shipbuilding market.

2025-12-12

Hanwha invests $234 million to acquire stake in Austal and strengthen foothold in global warship market

Hanwha will invest 337.8 billion won ($234 million) to acquire a stake in Austal, an Australia-based shipbuilder, as part of its strategy to expand into global maritime markets, including the United States.

2025-03-18

Hanwha buying 9.9 percent of Australian shipbuilder Austal, term sheet says

Hanwha acquired 9.9 percent of Austral.

2025-03-17

Hanwha Ocean fails to acquire Australian shipbuilder Austal

Major Korean shipbuilder Hanwha Ocean said Wednesday its talks to acquire Australian shipbuilder Austal had fallen through, following a regulatory concern raised in Australia.

2024-09-25

Hanwha Ocean's Austal acquisition deal still under discussion

Korean shipbuilder Hanhwa Ocean said Thursday negotiations have been underway to take over Australian shipbuilder Austal as part of its bid to tap deeper into the global naval shipbuilding market.

2024-05-02

Hanwha's acquisition of Australian shipbuilder stalls over regulatory concerns

Hanwha Corporation's proposal to purchase shipbuilder Austal remains at a standstill as the Australian company raises concerns over the deal.

2024-04-03