Austal announces indication of interest led by Wildcat Infrastructure to purchase Austal USA

Naval

09 September 2026

Austal Defence Shipbuilding Australia concept image depicting Landing Craft Medium and Heavy vessels conducting a beach landing. Photo: Austal Defence Shipbuilding Australia

Australian shipbuilder Austal has announced it has received a non-binding indication of interest “proposed transaction” from a syndicate led by Wildcat Infrastructure LLC to purchase Austal USA from Austal Limited.

“The indication of interest proposes an aggregate enterprise value of US$1.25–1.35 billion on a cash-free, debt-free basis, a price which is conditional on being able to conduct four weeks of due diligence,” according to the statement published on 9 September this year.

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“Wildcat has indicated it intends to operate the company as a standalone platform, retaining the Austal brand and the company’s US operations.

“The board and its advisers will consider the transaction proposed by Wildcat. This ASX announcement has been approved and authorised for release by Austal Limited CEO Paddy Gregg.”

On the same day, trading in the securities of the entity was temporarily paused.

Robert Dougherty

Author

Robert is a senior journalist who has previously worked for Seven West Media in Western Australia, as well as Fairfax Media and Australian Community Media in New South Wales. He has produced national headlines, photography and videography of emergency services, business, community, defence and government news across Australia. Robert graduated with a Bachelor of Arts, Majoring in Public Relations and Journalism at Curtin University, attended student exchange program with Fudan University and holds Tier 1 General Advice certification for Kaplan Professional. Reach out via email at

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