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Navy/USMC

South Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent

Thursday, March 20th, 2025

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South Korea’s Hanwha Buys Nearly 10 Percent Shareholding In Australia’s Austal, Seeks 20 Percent

The USS Mobile (LCS-26) rolled out of its assembly bay and was launched in early 2020 at shipyard Austal USA in Mobile, Ala.. (Photo: Austal USA)

A major South Korean conglomerate this week purchased a significant stake in Australian shipbuilder Austal, with hopes of expansion. On March 18 Hanwha Group said it acquired a 9.9 percent stake in Austal as a “strategic investment” to become a long-term strategic partner in developing Australian defense capabilities. The company on Tuesday also said it officially applied for approval by the Australian Foreign Investment Review Board (FIRB) to add another 9.9 percent stake via a total return swap, which if…

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

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Senate Authorization Bill Restricts Building Navy Warships Overseas With Limited Exception For Auxiliaries

The Senate Armed Services Committee’s (SASC) version of the FY 2027 defense policy bill looks to cut the ability for the Trump administration to buy foreign-made warships, but still allow […]