Overview

• Hanwha first took a 9.9% stake in Austal in March and filed to boost its holdings to 19.9% before seeking full ownership.
• CFIUS approval permits Hanwha to elevate its stake from 9.9% to full ownership, marking a pivotal shift from minority to majority investor.
• Austal runs a major U.S. naval shipyard and supplies vessels to the U.S. Navy, making its U.S. operations a key national security asset.
• Hanwha plans to integrate its shipbuilding technology with Austal’s facilities to enhance the combined group’s competitiveness in international defense markets.
• The final step for the acquisition is approval from Australia’s Foreign Investment Review Board, which must clear the deal before control can fully transfer.