Hanwha Offers $1.2 Billion for Austal's US Shipbuilding Operations
Deals·1 article across 1 outlet
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Hanwha Aerospace Co. has made a preliminary offer to acquire Austal Ltd.’s US shipbuilding operations for up to $1.2 billion. This move comes as the South Korean company aims to capture a greater slice of rising global defense spending.
The acquisition reflects Hanwha's strategic efforts to expand its presence in the defense sector, aligning with the increasing demand for military capabilities worldwide.
HanwhaAustal
Sources
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“Hanwha Aerospace Co. has made a preliminary offer to acquire Austal Ltd.’s US shipbuilding operations for up to $1.2 billion as the South Korean company steps up its efforts to capture a greater slice of rising global defense spending.”
Bloomberg — South Korea’s Hanwha Offers to Buy Austal’s US Unit