What Happened
Philadelphia Facility Poised for Revival in Large-Scale Military Shipbuilding
Hanwha Defense USA has acquired a controlling stake in Hanwha Philly Shipyard, solidifying its presence in the US shipbuilding market. The company has bid on the McClung-class Landing Ships Medium contract for the Navy and Marine Corps, further cementing the Philadelphia facility’s transition into a prime hub for large-scale military shipbuilding. Hanwha’s investment in the facility includes an apprenticeship program and significant investments in infrastructure, positioning the shipyard to build for the US Navy, other federal agencies, and commercial customers. This development was first reported by pennlive.com.