Police say a man wanted in relation to a carjacking at Figtree on Tuesday morning has an "extensive and colourful criminal history", is dangerous and anyone who sees him should not approach.
An arrest warrant, for the offences of armed robbery and stealing of a motor vehicle, has been issued for 42-year-old Glenn Robert Wilson.
The warrant - granted in court on Tuesday afternoon - followed a carjacking on a suburban Figtree street, which police have revealed was a targeted incident between two men who were known to each other.
Just before 10am, Wollongong police were called following reports a man had been carjacked on St George Avenue.
Police were told a 48-year-old man was approached by another man, who threatened him with a firearm before stealing his silver Range Rover.
A large-scale manhunt - which involved highway patrol officers and PolAir - got under way and the stolen car was found abandoned in a grass reserve at Berkeley about 11am.
The car has been seized and will undergo an extensive forensic examination.
Detectives have now issued an arrest warrant for Wilson, who Wollongong police crime manager Detective Chief Inspector Brad Ainsworth said was "very well known to police".
"He's got an extensive criminal history and I'll put the warning out there now that he is dangerous," Det Ch Insp Ainsworth said.
"We're seeking information on his whereabouts and the fact that people if they know where he is let us know ... do not approach him.
"He's got an extensive and colourful criminal history. I think he's also subject to a firearms prohibition order, there is an allegation today that a small handgun was produced."
Det Ch Insp Ainsworth didn't detail exactly what happened during the carjacking and was tight-lipped about the nature of the relationship between the men.
However, he confirmed the incident took place "within the premises" of a home on the street and said the altercation was a "personal issue" between the two men.
"He [Wilson] has gone to the victim's place, they are known to each other. So I'll get it out there now, it's not a random attack as such, it's a targeted incident," he said.
"There's been a conversation, there's been an assault, there's been a firearm produced, we allege, and then he's stolen his vehicle."
The incident happened close to Figtree Heights Public School.
Police say Wilson has ties to southern areas of Wollongong, including Berkeley, Barrack Heights, Lake Illawarra and Warilla.
Det Ch Insp Ainsworth urged anyone who knew where Wilson was, or might be hiding him, to come forward.
"If you're helping him ... or harbouring him, there are offences related to that," he said.
"Mr Wilson, Glenn, if you're out there I think you should hand yourself in."
Wilson is described as being of Caucasian appearance, approximately 185cm tall, with a solid build and brown hair.
Anyone who sees him, or believes they know his whereabouts, is urged not to approach him but to contact Triple Zero immediately.