I can't see the US approving a Hanwha take over. As per Austal's last presentation/report they expect US sub module production to increase. I believe this potential is not appreciated by the market. I don't follow ASB closely but I also believe they now produce steel vessels,I could never understand why they produced aluminium LCS's ,did the US learn nothing from the Falklands.? Anyway now discontinued. ASB will shortly complete its US operations by 117,000 sqt,my understanding total will be 1.5 m sqt facility.
ASB receives their sub contracts from US electric boats .ASB then fabricates the steel and fits out those modules and sends them back to electric boats for assembly.. So thats why I can't see the US allowing Korea to learn about the virginia/columbia class submarine technology. Australia as per AUKUS no problem ,but Korea makes submarines and submarine hull steel.
Submarines have no relevance to armoured vehicles which Hanwha does have some US connection. Anyway thats what I think and I agree ASB sp should rise to take over price as US sub production grows which it will thanks imo to Austal ,bisalloy and that $3 billion Australian govt cash gift to increase the US submarine industrial base.
ASB Price at posting:
$2.43 Sentiment: None Disclosure: Not Held
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