Hanwha Defense USA wins $269 mil. US Navy shipbuilding contract
WASHINGTON — Hanwha Defense USA (HDUSA), a subsidiary of South Korea's Hanwha Aerospace Co., has secured a $269 million contract to build a medium landing ship (LSM) for the U.S. Navy and Marine Corps, marking its first U.S. Navy shipbuilding contract, according to the company. The company said Thursday it was selected by U.S. maritime services firm Tote Services to build one LSM at Hanwha Philly…
Hanwha Defense USA, a subsidiary of South Korea's Hanwha Aerospace Co., has secured a $269 million contract to build a medium landing ship (LSM) for the U.S. Navy and Marine Corps. This marks the company's first U.S. Navy shipbuilding contract, awarded through a competitive bidding process under Tote Services' vessel construction management program, which oversees shipbuilding contracts for the U.S. Navy and Marine Corps.
The contract, awarded to Hanwha through its subsidiary Hanwha Defense USA, involves building one LSM at Hanwha Philly Shipyard in Philadelphia, with options to construct three additional vessels. Construction is scheduled to begin in the fourth quarter of 2027.
Brief written by urgent.news from The Korea Times's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
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