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.
A recent sequence of undersea-focused defense acquisitions is a welcome pivot to a critical warfighting domain, two CSIS experts argue.
The firm's CEO said he views capital allocation in four tiers of descending priority: organic growth, inorganic growth, dividends and stock buybacks.
After buying eight companies in the last two years, Ondas execs say they will focus on integrating their portfolio of drones “from surface to stratosphere” by developing a new AI command system in partnership with Palantir.
Lockheed Martin said that Ultra Maritime will fall under the company’s rotary and mission systems division upon closing.
Currently part of private equity firm Godspeed Capital, SilverEdge recently announced a generative AI platform designed to handle TS/SCI national security data, which it says is already operational at multiple, unnamed agencies.
The transaction is set to complete in early 2026.
The deal, which is expected to close by first quarter 2026, consolidates some of Italy’s defense sector, at a time when European defense spending is on the rise.
This op-ed argues that now is the time for venture capitalists in the defense industry to build, buy and create.
“Unprecedented demand” in both commercial and defense aerospace sectors led to the company’s decision to break off that division as a standalone, public company, Honeywell CEO Vimal Kapur said in a statement.
“We’re not letting anybody go, we’re not doing any redundancies,” Applied Intuition co-founder Qasar Younis told Breaking Defense. Instead his firm, long focused on unmanned ground vehicles, is eager to add EpiSci’s expertise in aerial drones and unmanned watercraft.
The deal is the latest in a series of acquisitions by the California-based defense tech firm, which has purchased startups specializing in aerial drones, solid rocket motors and autonomous submarines in recent years.
"The structure of the global defense sector is changing, and this transaction underscores that transformation," said analyst Byron Callan of the merger.
The smallsat maker — now known as Terran Orbital, a Lockheed Martin Company — will report to Lockheed’s space unit and serve as a merchant supplier to other major space primes, Lockheed said.