Hanwha Eyes U.S. Shipbuilding Boost with Bigger Stake in Austal

Hanwha Group becomes a major shareholder in Austal after acquiring 9.9% equity and securing an additional 9.9% via a Total Return Swap (TRS).
Australian Foreign Investment Review Board (FIRB) approval sought for a 19.9% stake.
The investment was made through a local subsidiary owned by Hanwha Systems (60%) and Hanwha Aerospace (40%).
The move aligns with Hanwha’s growing presence in U.S. and allied shipbuilding markets, following its 2024 acquisition of a U.S. shipyard.

Hanwha Group has taken...