Hanwha Philly Shipyard, a U.S.-based subsidiary of South Korea’s Hanwha Group, is considering a bid for the U.S. Navy’s upcoming combat support ship construction project, reports the Korea Times.
CEO David Kim revealed in a Philadelphia briefing that the company is actively discussing participation and preparing necessary documents for the bidding process.
Hanwha Philly Eyes Naval Future
The U.S. government recently approved over $20 billion in additional defense funding aimed at building combat and support ships. Hanwha Philly Shipyard, with its expertise in constructing similar vessels, aims to leverage this opportunity to secure contracts.
Acquired by Hanwha Group last year for $100 million, the Philadelphia shipyard plays a key role in Hanwha’s global strategy to expand its footprint in naval shipbuilding, including liquefied natural gas-powered container ships and potential U.S. Navy projects.
Lee Jong-moo, head of Hanwha Philly Shipyard, emphasized the importance of support ships in naval operations and noted the U.S. Navy’s current challenges with shipbuilding delays. He explained that the U.S. is open to foreign partnerships to accelerate production of these essential vessels.
Recent high-level visits, including those by U.S. Navy Secretary John Phelan and Donald Trump Jr., highlight growing cooperation between Hanwha and U.S. defense officials, reflecting the broader U.S. push to strengthen its shipbuilding industry in partnership with global leaders like South Korea.
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Source: The Korea Times
