Hanwha Philly Shipyard

Money Moves

Moving under Hanwha Defense USA control as Navy landing ship work is assigned

TOTE Services, which holds the Navy's $2.2 billion Landing Ship Medium contract, named Hanwha Defense USA on October 30 as the first shipyard for that work. Hanwha has also moved the Philadelphia yard it bought in December 2024 under the control of its US defense arm.

Updated Oct 31