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

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.