{"id":116348,"date":"2026-08-12T03:46:24","date_gmt":"2026-08-12T03:46:24","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/116348\/"},"modified":"2026-08-12T03:46:24","modified_gmt":"2026-08-12T03:46:24","slug":"breaking-hanwha-group-moves-to-acquire-austals-u-s-unit-for-up-to-1-7-trillion-won","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/116348\/","title":{"rendered":"[Breaking] Hanwha Group moves to acquire Austal&#8217;s U.S. unit for up to 1.7 trillion won"},"content":{"rendered":"<p>Following headquarters, it is pushing to acquire the U.S. unit MASGA project expected to gain momentum  <\/p>\n<p>            <img decoding=\"async\" src=\"https:\/\/www.europesays.com\/korea\/wp-content\/uploads\/2026\/08\/news-p.v1.20260811.193c7940a7dd42589a94d541d164c294_P1.png\" orgwidth=\"700\" orgheight=\"339\" alt=\"Austal's shipyard in the United States. Austal website\"\/>                      \uc0ac\uc9c4 \ud655\ub300                Austal&#8217;s shipyard in the United States. Austal website      <\/p>\n<p refid=\"2\">Hanwha Group is seeking to acquire Austal USA, the U.S. business unit of Austal, an Australian shipbuilding and defense company. Hanwha is the largest shareholder, holding a 19.9% stake in Austal. After the Australian headquarters, the group is now moving directly to acquire the U.S. unit, which is considered one of Austal&#8217;s core assets.<\/p>\n<p refid=\"3\">According to business circles on the 11th, Hanwha, through Hanwha Defense USA, Inc., offered between $1.05 billion and $1.2 billion, or up to about 1.7 trillion won, on the condition that it acquire 100% of Austal USA&#8217;s business entity and operating assets.<\/p>\n<p refid=\"4\">Austal USA operates shipyards in Mobile, Alabama, and San Diego, California. It is a key supplier with a 40% to 60% share in the U.S. Navy&#8217;s small surface combatant support vessels and logistics support vessels.<\/p>\n<p refid=\"5\">Because the company has established stable technology and supply chains in the U.S. market, expanded cooperation with Hanwha is expected to have a significant impact on the American shipbuilding and defense industries. In particular, Austal USA secured a direct link to the U.S. nuclear submarine value chain in 2024 by signing a contract with General Dynamics Electric Boat to build a production facility for SSN modules.<\/p>\n<p refid=\"6\">Hanwha had previously secured a 19.9% stake in Austal, the Australian company that serves as the headquarters.<\/p>\n<p refid=\"7\">Hanwha Group is using Philadelphia Shipyard as its U.S. base for the MASGA project, a Korea-U.S. shipbuilding cooperation initiative, as it seeks to enter the commercial and naval shipbuilding markets.<\/p>\n<p refid=\"8\">Austal operates shipyards in the United States and directly builds small and medium-sized surface vessels and logistics support ships. If Hanwha succeeds in the acquisition, analysts say it would lay the groundwork for future participation in nuclear submarine projects.<\/p>\n<p refid=\"9\">A Hanwha Group official said, &#8220;Hanwha has made contributing to the rebuilding of the U.S. shipbuilding industry its top priority,&#8221; adding, &#8220;We are exploring various measures to expand our business base in the United States.&#8221;<\/p>\n<p style=\"font-size: 1.5rem;\">\nThis article has been translated by GripLabs Mingo AI.<\/p>\n","protected":false},"excerpt":{"rendered":"Following headquarters, it is pushing to acquire the U.S. unit MASGA project expected to gain momentum \uc0ac\uc9c4 \ud655\ub300&hellip;\n","protected":false},"author":2,"featured_media":116349,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[554,59955,1672,355,1201,354,59957,59956,17699,59954],"class_list":["post-116348","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha","tag-austal","tag-business-unit","tag-defense","tag-hanwha","tag-hanwha-defense","tag-hanwha-group","tag-made","tag-operating-assets","tag-project","tag-u-s-business-unit"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/116348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=116348"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/116348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/116349"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=116348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=116348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=116348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}