Navy ship production underway at Philly Shipyard AI illustrationhow this picture was madeHanwha Defense USA was awarded a $269 million subcontract from TOTE Services to build one U.S. Navy Medium Landing Ship at Philly Shipyard.[1]
Hanwha acquired Philly Shipyard in December 2024 for $100 million. Ownership is split 60% to Hanwha Systems and 40% to Hanwha Ocean.[2]
Hanwha has invested $350 million in the yard since acquisition. The workforce has been doubled to approximately 2500 employees.[3]
Proof3 sources · 1 publisher · signed
What this stands on
Hanwha Defense USA was awarded a $269 million subcontract from TOTE Services to build one U.S. Navy Medium Landing Ship at Philly Shipyard · Defence Blog
Hanwha acquired Philly Shipyard in December 2024 for $100 million, with 60% ownership by Hanwha Systems and 40% by Hanwha Ocean · Defence Blog
Hanwha has invested $350 million in Philly Shipyard and doubled the workforce to approximately 2500 employees since acquisition · Defence Blog
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