Hanwha Investing $5B in Philadelphia Shipyard for US Navy Work
| Hanwha
Hanwha shipyard US Navy Philadelphia NGLS investment
Hanwha is investing $5 billion in its Philadelphia shipyard (acquired in 2024) for US naval construction. Hanwha Defense USA won its first US Navy subcontract under the Next Generation Logistics Ship (NGLS) Program, marking Korea's entry into US defense shipbuilding.