Australian shipbuilder says it would be ‘strange’ if government approves Korean takeover
South Korea’s Hanwha has received US clearance to increase stake in defence contractor Austal
South Korea’s Hanwha has received US clearance to increase stake in defence contractor Austal

Aug 11 : Australian shipbuilder Austal Ltd said on Tuesday it had received an offer from a unit of South Korea's Hanwha Group to…

Australia’s biggest shipbuilder will consider the offer, while warning of a $175 million hit from its contract with the US Navy.

Britain seeks closer ties with Asian nation’s booming arms sector to help rebuild its own defence industrial base

Hanwha submitted a nonbinding offer to buy Austal USA for up to $1.2 billion as it seeks to expand its shipbuilding footprint in…

Announcement could rattle China and follows pressure from Seoul to build up its nuclear capacity

US president opens route for Seoul to strengthen fleet but raises proliferation concerns