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Navy Awards $269M LSM Contract to Hanwha

October 30, 2026

1 min read

Key Takeaways

TOTE Services selects Hanwha Defense USA for LSM program.
Contract worth $269 million for one vessel with options for three more.
Hanwha Philly Shipyard to build the vessel.
First delivery expected in 2030.

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Strategic Implications

This award may indicate the Navy's shift towards commercial practices in shipbuilding, which could accelerate delivery and improve cost discipline. The selection of Hanwha Defense USA suggests a growing role for the company in US Navy shipbuilding, which may have implications for the US shipbuilding industrial base.

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What Happened

New Acquisition Model Yields First Shipyard Selection

The US Navy has awarded a $269 million contract to Hanwha Defense USA for the Landing Ship Medium (LSM) program, marking the first shipyard selection under a new acquisition model. TOTE Services, the vessel construction manager, selected Hanwha after a competitive process, with construction set to start in the fourth quarter of 2027. The first vessel is expected to be delivered in 2030. This development was first reported by Breaking Defense.

Source | Originally Published: October 30, 2026

Companies Mentioned