Hanwha Revives Bid to Acquire Australian Shipbuilder Austal, Eyes U.S. Naval Market
SEJONG, South Korea, March 17 (Korea Bizwire) — Hanwha Group is making a renewed attempt to acquire Austal, an Australian shipbuilding company that supplies vessels to the U.S. and Australian navies, through its defense affiliates Hanwha Systems and Hanwha Aerospace. The move follows Hanwha’s previous failed bid in April 2024, when its subsidiary Hanwha Ocean offered [...]
