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South Korea's Hanwha Group secured a $269 million shipbuilding contract from the U.S. Navy, marking its first entry into the U.S. naval shipbuilding market.
Hanwha Defense USA, the U.S. subsidiary of South Korea's Hanwha Aerospace, has secured a $269 million contract to build a medium landing ship for the U.S. Navy and Marine Corps at its Philadelphia shipyard, with an option for three additional vessels. This contract marks the Hanwha Group's first U.S. Navy shipbuilding order and represents a significant step into the U.S. naval shipbuilding market.
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