Hanwha Defense USA offers $1.05–1.2B for Austal USA
Hanwha Defense USA made a preliminary, non-binding offer to buy Austal USA on a cash-and-debt-free basis of $1.05 to $1.2 billion. Austal’s board approved due diligence; the proposal excludes Austal’s Australasia operations after an earlier full-company bid failed in 2024.
Why it matters: Korean capital is buying US yards that build the hulls Europe still argues about how to fund.
Hanwha Defense USAHanwha AerospaceAustal USAAustal Breaking Defense →