Hanwha Defense USA made a non-binding offer to buy Austal USA's Mobile, Alabama shipyard, valued between $1.05-1.2 billion.
Austal USA, building Navy LCS ships and submarine modules, faces a $123.5 million FY26 operating loss and prior fraud penalty.
This is Hanwha's second attempt after a 2024 bid was rejected; the deal excludes Austal's Australian, Philippine, and Vietnamese operations.
