*South Korea’s Hanwha Cleared to Boost Control of U.S. Navy Shipbuilder Austal* 10/06/2025, 𝓼𝓮𝓪𝓯𝓪𝓻𝓮𝓻'𝓼 𝓾𝓹𝓭𝓪𝓽𝓮 Hanwha Group has received clearance from the Committee on Foreign Investment in the United States (CFIUS) to increase its shareholding in Australian shipbuilder Austal Limited up to 100%, marking a significant milestone in the South Korean shipbuilder’s expansion into the U.S. shipbuilding sector. The company currently holds a 9.9% stake in Austal, acquired in March 2025, and plans to increase this to 19.9%. Austal’s U.S.-based subsidiary Austal USA is a major U.S. military shipbuilder and defense contractor.