Premier Roger Cook has told a conference of global defence industry and military leaders that Western Australia is planning to build a manufacturing facility that could produce guided missiles in Collie.
Richard Marles found out the US greenlit South Korean companies to build submarines on US soil via a Trump social media post, as an update on Hanwha's bid to increase its Austal stake continues to be delayed.
Anxiety over the protracted Foreign Investment Review Board decision on Hanwha Group's proposed increased stake in Austal was central to shareholder concerns at the shipbuilder's AGM today.
Takeover target Austal's founder John Rothwell has resigned from the board of the shipbuilder he built after 38 years, as a call looms on Hanwha's pursuit of a major stake.
Andrew and Nicola Forrest's Tattarang has nominated former Credit Suisse Australia chief executive Richard Gibb to join the board of Henderson defence shipbuilder Austal.
Austal chairman Richard Spencer says he does not believe Hanwha can add value to the Perth-based shipbuilder but nonetheless has agreed to meet with the South Korean company next week.
Today's board moves wrap includes John Rothwell, Richard Spencer, Lincoln Liu, Mauro Piccini, Troy Flannery, Trevor Raman, Tino Kapfumo, David Rich, Mark Miocevich and Amit Kamlesh Kumar Mehta.
