On December 15, Hanwha Systems is showing strong performance. This comes as Hanwha Group has established a foothold for entering the U.S. warship market.
As of 9:50 a.m. on this day, Hanwha Systems was trading at 57,800 won, up 4,700 won (8.85%) from the previous trading day.
This is interpreted as investor sentiment concentrating on Hanwha Systems, one of Hanwha Group's key defense affiliates, following the group's move to secure a foundation for entering the U.S. warship market.
According to industry sources, on December 12 (local time), the Australian government approved Hanwha Group's acquisition of up to a 19.9% stake in Austal.
The entity acquiring the stake is HAA No.1 PTY LTD, Hanwha's local subsidiary in Australia. This company is owned 60% by Hanwha Systems and 40% by Hanwha Aerospace.
Austal operates shipyards in Mobile, Alabama and San Diego, California in the United States. As a result, Hanwha will be able to build U.S. warships within the legal framework requiring that American warships be constructed domestically.
Hanwha plans to accelerate the MASGA project by employing a "two-track" strategy: building commercial vessels at the Philadelphia Shipyard in the United States, which it previously acquired, and constructing warships at the Austal shipyards.
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