Hanwha Defense USA wins US$269 mln U.S. Navy shipbuilding contract

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, marking its first U.S. Navy shipbuilding contract. The company was selected by U.S. maritime services firm Tote Services to build one LSM at Hanwha Philly Shipyard in Philadelphia, with options to construct three additional vessels through a competitive bidding process under Tote Services' vessel construction management program.

Since acquiring Philly Shipyard in 2024, Hanwha has made significant investments in its workforce and technology to pave the way to build ships for the U.S. Navy and other federal customers, with construction scheduled to begin in the fourth quarter of 2027.

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