Hanwha Defense USA seeks to acquire Austal USA in $1.2B potential deal
Hanwha's parent firm previously sought to acquire Austal's parent company in 2024. Now, the two US arms might merge.
Hanwha's parent firm previously sought to acquire Austal's parent company in 2024. Now, the two US arms might merge.
Experts warned that the move could spur China or Japan to accelerate their own nuclear sub programs in return.
“We are all in on Philly, and we're looking at expanding even in and around Philly shipyard, but ultimately, it’s a geographically isolated island where there’s not enough space to do everything that we’d like to do. So, we are looking at other opportunities," Hanwha Global Defense chief Michael Coulter told Breaking Defense in an exclusive interview.