Austal shows (again) why it should remain Australian controlled

By Peter Roberts Shipbuilder Austal has again shown at its annual general meeting the folly of Australia’s apparent unconcern should the company fall under foreign ownership. In September Korea’s Hanwha gave up on a takeover of Austal, a deal that was waved through by Defence Minister Richard Marles as of no concern to the government.…

Austal USA buys AM machine from SPEE3D

Cold spray additive manufacturing company SPEE3D has shared that shipbuilder Austal USA has purchased a WarpSPEE3D AM unit for application development purposes. In a statement on Wednesday (Melbourne time), SPEE3D said Austal USA’s Advanced Technologies division is “a leader in cutting-edge technology implementation for defense and maritime applications” and heads a team of industry partners…

Korea’s Hanwha abandons takeover of Austal – media reports

By Peter Roberts Korea’s Hanwha defence group has abandoned its takeover bid for Australia’s most successful indigenous owned defence manufacturer Austal, according to media reports this morning. The takeover was ended in a letter to Austal from Hanwha Ocean CEO Hyek Woong Kwon titled ‘Termination of discussions with Austal’. The company blamed Austal’s ‘insistence’ that…

Austal, Greenroom Robotics strike new commercial partnership

Shipbuilder Austal Australia and maritime software developer Greenroom Robotics have announced a strategic commercial partnership, following their successful Patrol Boat Autonomy Trial (PBAT) for the Royal Australian Navy (RAN.) According to a statement from Greenroom on Wednesday, the new strategic partnership agreement will see the pair “collaborate further on developing watercraft-based products, services and technologies”…

Austal awarded $670m contract for n-submarine module construction

Shipbuilder Austal has announced that Austal USA has been awarded a $670 million (US$450 million) contract by General Dynamics Electric Boat for nuclear submarine module construction. The contract will enable Austal USA to expand production capacity at its US shipyard in Mobile, Alabama (pictured) as part of the U.S. Navy Submarine Industrial Base (SIB). It…

Austal links with Capral for low emissions aluminium

Perth international shipbuilder Austal has committed to using LocAl lower-carbon Aluminium supplied by aluminium processor Capral to support their initiatives in sustainable manufacturing and responsible procurement. Capral has been a long-term supplier to Austal which builds aluminium and steel hulled passenger ferries and vessels for Defence and Border Security. Early in 2023, Austal committed to…