The issue imo and if anyone cares is getting US approval due to secrecy of submarine technology and Austal produces both top secret modules.Virginia and columbia.
CFIUS,US defense counter intelligence and security agency approval is required.
My other 2 cents is i'm not sure the T/O offer is that appealing / fair value for Austal once they get the new contracts once expansion completed.A low AUD and with its expansion and current contracts which imo are on the verge of strong growth the timing is maybe good for hanwha not so good for Austal imo only.
US destroyers,US frigates,US virginia and columbia class subs production all in strong demand.
All you hear from the US congress and US navy is how to expand their naval industrial base especially submarines,well damn Austal is doing just that and will be working closely with NNS,electric boats.
The issue imo and if anyone cares is getting US approval due to...
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