Austal Weighs $1.35 Billion Buyout Offer for US Shipbuilding Arm

Australian shipbuilder Austal has confirmed it received a takeover proposal for its United States business from US-based Wildcat Infrastructure. The offer values the American unit at an enterprise value ranging between $1.25 billion and $1.35 billion.

The company disclosed the development on Wednesday, marking a significant potential transaction for the Perth-based defence contractor. Austal's US operations are a key part of its portfolio, primarily involved in building vessels for the US Navy, including littoral combat ships and expeditionary fast transports.

The proposed valuation reflects the strategic importance of Austal's American shipyards, which have secured major naval contracts over the years. A deal at the upper end of the range would represent a substantial premium and could reshape the company's global footprint.

Wildcat Infrastructure, the prospective buyer, is a US-based investment firm. Details regarding the structure of the bid, including financing and regulatory approvals, have not been fully disclosed. Austal has not yet indicated whether its board will recommend the offer to shareholders.

The announcement comes amid heightened focus on naval shipbuilding capacity in the United States, as the Pentagon seeks to expand its fleet. Austal's US facilities in Alabama are among the few private yards capable of producing certain classes of military vessels.

Further updates are expected as Austal's board evaluates the proposal and engages with the bidder. The company's shares are listed on the Australian Securities Exchange, and investor reaction to the news will be closely watched in the coming sessions.