The Australian government has approved Republic of Korean company Hanwha’s long-standing application to increase its stake in Western Australian shipbuilder Austal to 19.9%. “Today I have agreed to the clear recommendation from the Foreign Investment Review Board to not object…
Defence has confirmed the widely reported down-select of two shipbuilders, Japan’s Mitsubishi Heavy Industries (MHI) and Germany’s Thyssenkrupp Marine Systems (TKMS), to progress designs for Australia’s future general purpose frigates, worth up to $10 billion, under Project SEA3000. Defence will…
Australian Defence Magazine has joined The Australian and the Australian Broadcasting Corporation (ABC) in reporting that two contenders – ThyssenKrupp Marine Systems and Mitsubishi Heavy Industries – have been shortlisted to provide the RAN’s eleven planned General-Purpose Frigates, worth up…