Updated Sep 9, 2026 – 5.14pm, first published at 9.07amA former Australian government security expert is among executives of a Florida-headquartered investment group which has lobbed a $1.87 billion buyout bid for Austal’s shipyard in the United States, arguing it was a matter of national security for the company to be backed by American capital.The proposal from Wildcat Equity Partners complicates efforts by Korean conglomerate Hanwha, which has emerged as one of Austal’s biggest shareholders over the last year, to acquire the same shipyard.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Austal’s $1.9b suitor says ‘American capital’ should own US shipyards
The offer from Wildcat Equity Partners could create a roadblock for an earlier suitor, South Korean conglomerate Hanwha, which has long coveted the business.
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