Hanwha Wins First U.S. Navy Shipbuilding Contract Since Acquiring Philly Shipyard
Hanwha has secured its first U.S. Navy shipbuilding contract two years after acquiring Philly Shipyard in the United States, accelerating its push into the local defense market.Hanwha Defense USA (HDUSA), the U.S. subsidiary of Hanwha Aerospace, signed a contract with Tote Services, a U.S. Navy Vess
Hanwha, a South Korean conglomerate, has secured its first U.S. Navy shipbuilding contract since acquiring Philly Shipyard in the United States. The contract, valued at approximately $269 million, includes the construction of one Landing Ship Medium (LSM) and options for up to three additional vessels. The LSM is designed to rapidly deploy small Marine units in contested littoral areas.
The contract marks a significant expansion for Hanwha into the U.S. Navy shipbuilding market, as it moves beyond its traditional focus on commercial vessels. The shipyard, owned by Hanwha Defense USA, will carry out the construction with a scheduled start in the fourth quarter of 2027. The U.S. Navy plans to acquire a total of 35 LSMs, with the first vessel expected to be delivered in 2030.
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