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Wildcat Eyes Austal’s US Shipyard | Perth News
Description
Austal, Australia’s top shipbuilder, is facing a bidding war over its prized Alabama shipyard as Wildcat Infrastructure offers $1.3–1.4 billion — just weeks after Hanwha of South Korea made a competing bid for the same facility. The deal, which builds critical US Navy vessels including Virginia-class subs, has sent Austal’s shares soaring 6% amid investor excitement, even as the company reported a recent net loss tied to the same operations. Complicating matters, geopolitical tensions between the U.S. and South Korea could influence the outcome, while both bidders have four more weeks to finalize their due diligence before Austal’s board makes a decision.
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