South Korean chemicals-to-defense conglomerate Hanwha Group has taken over a 9.9% stake in Austal Ltd., an Australian ...

South Korean conglomerate Hanwha Group has acquired a 9.9% shareholding in Australian ship builder Austal, increasing its ...

Austal USA, Mobile, Ala., was recognized by Business Alabama magazine as the 2024 Large Company of the Year recently at its ...

Austal is betting that its unique story – building ships for Donald Trump – can support a capital raising in the worst market ...

Austal has tapped Euroz Hartleys to raise up to $220m by way of a placement and a share purchase plan. It comes as shares in ...

The U.S. Navy accepted delivery of ship to shore connector, landing craft, air cushion (LCAC) 112 from Textron Systems on ...

Australia’s global shipbuilder Austal has billionaires Andrew and Nicola Forrest on board as it raises $220m in new equity to ...

The project includes an assembly hall for large steel vessels, for the US Navy and US coastguard, along with waterfront improvements and a new ship lift system. Austal has also received a letter of ...

The work involves a new assembly building, waterfront improvements and a new ship lift system. Austal has said it can likely absorb increases in steel and aluminium costs as a result of Trump ...