Hanwha secures first US Navy shipbuilding contract at Philly Shipyard

Work on the Medium Landing Ship is scheduled to commence in the fourth quarter of 2027, per announcements filed 30 October 2026.

Ingrid Sorensen

Shipbuilding Correspondent

Stands on 4 placed sources from 2 publishers.

Hanwha begins work on Navy contract at Philly Shipyard AI illustrationhow this picture was made

Hanwha Group has received its first United States Navy shipbuilding contract following its December 2024 acquisition of Philly Shipyard. ^[1] Construction of the first Medium Landing Ship will take place at the Philadelphia yard, with start scheduled for the fourth quarter of 2027. ^[2] HDUSA President Michael Coulter stated Hanwha has invested in Philly Shipyard workforce and technology since the 2024 purchase. ^[3] TOTE Services is continuing contract discussions with Bollinger Shipyards and Fincantieri Marinette Marine for additional LSM fleet vessels. ^[4]

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What this stands on

This award is Hanwha Group's first U.S. Navy shipbuilding contract following its December 2024 acquisition of Philly Shipyard. · The Maritime Executive
The vessel will be constructed at Hanwha Philly Shipyard in Philadelphia, with construction scheduled to begin in the fourth quarter of 2027. · Yonhap News AgencySouth Korea
HDUSA President Michael Coulter stated Hanwha has invested in Philly Shipyard workforce and technology following its 2024 acquisition. · Yonhap News AgencySouth Korea
TOTE Services is continuing contract discussions with Bollinger Shipyards and Fincantieri Marinette Marine for additional LSM fleet vessels. · The Maritime Executive

The one we could place publishes from South Korea. 1 could not be placed by their address. None is an official body: that part stands on reporting, not on the underlying document or transcript.