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Wildcat submits counter bid of up to $1.35 billion for Austal's American operations.
Sep 09, 2026•about 3 hours ago
Contract Type
partnership
AustraliaOil And GasAerospace
Description
Wildcat has made a counter bid for Austal USA valued between $1.25 billion and $1.35 billion, surpassing an earlier bid from Hanwha Group. This proposed transaction could allow Austal to divest its loss-making American division and realign its focus towards operations in Australasia.
Company Information
Company
Austal
Location
Australia
About
Austal is a global shipbuilding leader headquartered in Australia, with 50+ years of shipbuilding experience providing naval ships, including submarines, warships, and other naval support vessels, as well as commercial vessels such as LNG Carriers and Very Large Crude oil Carriers. Austal's capabilities include building advanced warships and submarines for various international clients.