The deal covers over a shocker of an earnings report and points to a situation in which geopolitics is more important than the numbers.

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…

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