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

Aug 11 : Australian shipbuilder Austal Ltd said on Tuesday it had received an offer from a unit of South Korea's Hanwha Group to buy its U.S. operations for an indicative…

Hanwha's parent firm previously sought to acquire Austal's parent company in 2024. Now, the two US arms might merge.