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Hanwha Makes $1B Bid to Acquire Austal USA, Shipbuilder Declares $79.73M Loss

South Korean Shipbuilder Hanwha has made a $1 billion bid for the U.S. subsidiary of Australian shipbuilder Austal, Austal disclosed in a regulatory filing on Tuesday morning Austr...

Austal USA Delivers First LCU for the U.S. Navy

Defense shipbuilder Austal USA has delivered its first landing craft for the U.S. Navy, the first ever steel-hull vessel that the company has complete...

Hanwha Offers to Buy Austal USA

The U.S. division of South Korean shipbuilding giant Hanwha has made a non-binding offer to buy Austal USA, the American operations of Australian ship...

Hanwha Makes $1.2B Offer for Austal USA

Australian shipbuilder Austal said on Tuesday that Hanwha Group had offered to buy its U.S. operations for up to $1.20 billion as the South Korean conglomerate seeks to expand in t...

Potential U.S. Bidder Emerges to Challenge Hanwha for Austal USA

Australia-based Austal confirmed in a brief stock exchange statement on Monday, September 7, that it has had initial, preliminary discussions with a U...

Austal USA Starts Construction of USCGC Ingham

Austal USA has started construction on its third U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC), the future USCGC Ingham, at the company’s Mobile, Ala. ship manufactu...

First LCU 1700-class vessel joins the U.S. Navy fleet

Austal USA delivered LCU 1710 to the U.S. Navy on August 14, 2026, the first vessel completed under the Navy’s LCU 1700-class program and the first steel-hulled ship the shipbuilde...

Austal USA Starts Construction on USCGC Ingham

Austal USA has started construction on its third U.S. Coast Guard Heritage-class Offshore Patrol Cutter (OPC), the future USCGC Ingham, at the company...

Austal delivers first LCU 1700 vessel to US Navy

Shipbuilder Austal USA has delivered LCU 1710, marking the first LCU 1700-class vessel ever delivered to the US Navy. As disclosed, prior to...

Austal USA Launches Navy Dry Dock - Largest Vessel Launched to Date

Mobile, Ala. – Austal USA launched the Navy’s Auxiliary Floating Dry Dock Medium (AFDM) 15 on July 28. This is the first AFDM built in over 40 years a...

Hanwha Defense USA Offers Up to $1.2B for Austal USA

Hanwha Defense USA has offered up to $1.2 billion to acquire Austal USA, pending due diligence and regulatory approval.

Hanwha Defense USA Bids up to $1.2B for Austal USA Amid Shipbuilder Loss

Hanwha Defense USA has submitted a non-binding proposal of up to $1.2 billion to acquire Austal’s U.S. operations. The bid comes as Austal USA announced an expected FY2026 EBIT los...

Hanwha tables conditional $1.2bn bid for Austal USA  

Defence prime Austal has confirmed that Hanwha Defence USA (Hanwha) has made a conditional, indicative, and non-binding offer to acquire 100% of the shares in Austal USA’s holding...

Hanwha puts up to $1.2B on the table for Austal USA

Hanwha Defense USA has made a preliminary offer to acquire Austal USA for an indicative enterprise value of $1.05 billion to $1.20 billion, with...

Lloyd’s Register Joins Austal’s $715M Australian Army Landing Craft Program

Lloyd’s Register has secured a $7.8 million (A$11 million) contract from Austal Defence Australia to provide naval classification services for the Australian Army’s Landing Craft M...

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

Construction starts on third US Coast Guard Heritage-class OPC

Austal USA has started construction on its third US Coast Guard Heritage-class offshore patrol cutter (OPC), the future USCGC Ingham, at the...

USMC Accepts First Australian-Designed Ancillary Surface Craft Prototype

The U.S. Marine Corps Warfighting Laboratory has officially marked a critical milestone in Force Design modernization efforts with the technical acceptance of the first Ancillary S...

ASSA Joins the USA Shipbuilding Coalition

The American Shipbuilding Suppliers Association (ASSA) announced today that it has joined the USA Shipbuilding Coalition, a growing labor-management p...

Australian steel to support Virginia-class submarine construction

Australian industry has reached an important AUKUS milestone, with Australian-produced submarine-grade steel set to be used in the construction of United States Navy Virginia-class...

Australia Selects Leidos Gibbs & Cox for AUKUS Dry Dock Design

The Australian government has announced the selection of Leidos Gibbs and Cox to design a floating dry dock supporting AUKUS infrastructure. Australian Department of Defence press...

LR to provide naval classification services for Australia's LCM

Lloyd's Register (LR) has secured a contract worth A$11 million ($7.2 million) from Austal Defence Australia (ADA) to provide naval...

Australia's Bisalloy to supply steel for US Navy Virginia-class submarines

Australian-made submarine-grade steel will be used in the construction of US Navy Virginia-class submarines for the first time after Australian...

Austal shares surge 6% as another bidder enters the race

Austal shares are climbing after a new offer emerged. The post Austal shares surge 6% as another bidder enters the race appeared first on The Motley Fool Australia.