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…
By Peter Roberts The award of a second contract in the United States for shipbuilder Austal to build facilities for constructing modules for US nuclear powered submarines should put paid to talk of allowing the Perth shipbuilder to be taken over by Korean interests. Austal USA has been awarded a $220 million (US$152 million) contract…
Shipbuilder Austal has been awarded a second major contract in the United States to prepare itself for the construction of submarine modules and components to feed into the US Navy nuclear submarine construction programme. Austal USA has been awarded a $220 million (US$152 million) contract by the U.S. Navy to invest in infrastructure that supports…
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…
Rapid welding technology manufacturer K-TIG has cut the amount of cash it is seeking from investors to fund the purchase of UK advanced manufacturer Graham Engineering Limited (GEL). The acquisition marks the company’s entry into the United Kingdom nuclear decommissioning sector, with K-TIG vying for contracts to manufacture containers to house nuclear wastes. The company…
Rapid welding technology manufacturer K-TIG’s welding processes have been selected as a potential alternative to conventional gas tungsten arc welding (GTAW) of pipe joints for the US nuclear submarine construction programme. K-TIG’s Keyhole TIG / GTAW welding technology, originally developed by CSIRO, has been selected for trials by the US’s prime contractor and lead design…
