Company
Perth, WA
Every investor coverage indicates participated in a round Austal raised.
Companies Austal acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
Stories naming Austal. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Austal has received an indicative US$1.25 billion offer from a Wildcat Infrastructure-led syndicate for its US shipbuilding arm, outbidding Hanwha, while heavy US losses weigh on the group.
Hanwha of South Korea has tabled an early, non-binding bid for the American shipbuilding business of Australia's Austal, leaving out its Australian, Philippine and Vietnamese units; a four-week diligence window follows.
Hanwha's US subsidiary has made an indicative offer of US$1.05–1.20 billion for Austal's American business; the target's board approved a four-week due diligence window, with the proposal excluding its home-market operations.
Counter-drone maker DroneShield has appointed retired Rear Admiral Lee Goddard as an independent non-executive director, citing his decades of defence leadership and board experience.
Weekly roundup of five popular stories: a Victorian hydrogen plant groundbreaking, Titomic's CEO change and $30 million raise, a defence laser contract, a WA shipbuilding precinct, and Civmec's framework to take over Luerssen Australia.
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Weekly roundup of the outlet's most-read stories: grants for industry bodies, Space Machines' India mission funding, a plastics recycler's Melbourne factory, an Austal ownership debate, and a quantum growth centre.
Roundup of Australian manufacturing news: Pure Foods Tasmania announces a rights issue, Traffic Technologies banks a shareholder raise, Austal USA appoints a president, and Hanwha's Australian defence chief steps down.
Roundup covering manufacturing placements by Sparc Technologies and Aurora Labs, Wellnex's planned London listing, an autonomous navy boat trial, a workplace fine, a software degree launch and AusBiotech's next CEO.
Roundup of Australian manufacturing briefs: Nova Eye Medical banks $8m, Ridley buys Oceania Meat Processors, Orica sells Deer Park land for $260m, plus appointments, research projects and CSIRO program deadlines.
Roundup: Nova Eye Medical banks $8 million for overseas growth, two Geelong firms each land $25,000 council grants, plus Austal ship trials, EOS's share jump, Vulcan Steel's profit fall and Orthocell's Singapore filing.
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Manufacturing briefs roundup: LBT Innovations launches a $4.5m shareholder offer, AnteoTech collects a $3.77m research tax payment, with updates from Pact, Evnex, First Graphene, Austal, ASM and the University of Adelaide's space course.
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Roundup of manufacturing news: a naval ship delivery, a packaging firm's guidance downgrade, low carbon grants for nine Victorian manufacturers, a Queensland grant, an executive appointment, a truck safety launch, and a US distribution deal.
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Australian manufacturing roundup: Titomic raises via placement, H2X signs hydrogen MoU, Austal posts a loss, Aristocrat trials cashless gaming, IDT restructures, Bisalloy reports, BAE recruits, CDU launches TAFE.
Also @AuManufacturing