“Austal leaves door ajar in takeover bid from Hanwha Ocean” –Defense News

Austal’s planned new assembly building and ship lift. Ships featured in the illustration

Defense News reports,

“Despite an initial rejection from Austal, South Korean firm Hanwha Ocean’s bid to buy out the Australian shipbuilder has some analysts pondering the benefits of such deal.”

This have anything to do with the US Coast Guard?

The prize of Austal USA, a supplier of U.S. Navy vessels, presumably enters Hanwha’s calculus, even if this subsidiary has relative autonomy from Austal Australia.

Austal won the recompete for the OPC with a contract including options for OPCs #5-15. South Korean shipbuilders are very competitive, so their experience might be beneficial, but so far, no real indication this is going to happen.

Still, it suggests they want an in on US military ship construction. If not Austal, perhaps some other yard.

2 thoughts on ““Austal leaves door ajar in takeover bid from Hanwha Ocean” –Defense News

  1. Austal seems like the big winner of the moment and a good hedge since they have by far the most work on the most programs.

    SSN modules

    CVN elevators

    OPC

    T-AGOS

    T-ATS

    EMS

    EPF Flt II

    LCU

    Saildrone

    AFD-M

    LCS maintenance

    Potential for LSM

  2. I don’t know about the door being ajar, but Austal rejected Hanwha Ocean low ball bid of ~$1.02-Billion USD as more of an insult then that of honest bid…

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