Acquiring Company
Hanwha Defense USA
Acquired Company
Austal USA
PhiladelphiaMobileManufacturingAerospaceManufacturingDescription
Hanwha Defense USA has made a preliminary offer to acquire Austal USA for up to $1.2 billion. The deal is contingent on due diligence and further evaluation by Austal's board. This acquisition aims to enhance Hanwha's presence in the American shipbuilding sector.
M&A Insights
Based on deal dataFrequently asked
Who acquired Austal USA?
Austal USA was acquired by Hanwha Defense USA, based in Philadelphia. The deal was reported on August 11, 2026. Hanwha Defense USA is a Korean conglomerate and the new owner of the Philadelphia shipyard. The company is known for its involvement in defense and shipbuilding industries. Hanwha Defense USA is privately held and operates in Manufacturing.
When did Hanwha Defense USA acquire Austal USA?
Hanwha Defense USA's acquisition of Austal USA was reported on August 11, 2026. Hanwha Defense USA has made a preliminary offer to acquire Austal USA for up to $1.2 billion. The deal is contingent on due diligence and further evaluation by Austal's board. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Austal USA do?
Austal USA is a ship manufacturer headquartered in Mobile, Ala., with service centers in San Diego and Singapore and a technology center in Charlottesville, Va. It is privately held, operating in Manufacturing, and is based in Mobile.