Financial Ports

US Defence Investor Pours $350m Into Fraser Shipyards Amid Austal Bid

CLAVE 1 / 4$350 million pledged by Wildcat Defense to expand Fraser Shipyards’ workforce and manufacturing footprint.

CLAVE 2 / 4Fraser Shipyards, founded in 1888, builds and maintains vessels for the Great Lakes and US military.

CLAVE 3 / 4Wildcat Defense also bids $1.25–1.35 billion for Austal USA, setting up a potential bidding war with Hanwha USA.

CLAVE 4 / 4Deal expected to close in approximately three months; financial terms undisclosed.

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