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TOTE Selects Hanwha For $269M US Navy Ship Contract

November 1, 2026

2 min read

Key Takeaways

Hanwha Defense USA selected for $269M US Navy contract.
Medium Landing Ship to be built at Hanwha Philly Shipyard.
Options for three additional ships.
Program supports 35-ship LSM fleet.

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Strategic Implications

This selection may indicate the US Navy's preference for competitive, cost-effective shipbuilding models. The award suggests a growing role for Hanwha Defense USA in US naval procurement, which could strengthen the company's position in the domestic shipbuilding market.

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What Happened

Hanwha Defense USA Wins Medium Landing Ship Deal

TOTE Services has selected Hanwha Defense USA to build a Medium Landing Ship for the US Navy and Marine Corps under a $269 million contract. The vessel will be constructed at Hanwha Philly Shipyard, with options for three additional ships. The program is part of a larger effort to support the Navy and Marine Corps’ planned 35-ship LSM fleet. According to TOTE Services, the award was made through a competitive process, with Hanwha Defense USA offering strong terms and a competitive price. This development was first reported by Unknown Source.

Source | Originally Published: November 1, 2026

Companies Mentioned