Business · Companies · 4 hrs ago
Hanwha commits more than 1.5 trillion won to US defense and shipbuilding
Hanwha’s three defense companies have committed more than 1.5 trillion won to US operations this year.
The money is going to US subsidiaries and businesses linked to defense, shipbuilding and engine parts.
The investment is intended to support Hanwha’s growing US business, including new production sites and local contracts.
In Alabama, the company is preparing a facility to assemble and test a wheeled version of its K9 self-propelled howitzer, while in Arkansas it plans to build ammunition facilities over seven years.
Hanwha has won its first new US Navy shipbuilding contract since buying Philly Shipyard in 2024, a deal to build medium landing ships for the Navy and Marine Corps.
It is also negotiating to buy Austal USA, which builds US Navy ships and nuclear-powered submarine modules.
More investment may follow by year-end, and the company’s expansion plans include further US defense and shipbuilding work.
Hanwha’s three defense companies committed a combined 1.506 trillion won to US subsidiaries this year, with further investment possible before year-end.
The funds are intended to support US defense and shipbuilding businesses and expand local production capacity.
Hanwha Aerospace committed the largest amount, more than 1 trillion won, while Hanwha Ocean committed 325 billion won and Hanwha Systems 172.1 billion won.
Hanwha has secured a contract to build medium landing ships for the US Navy and Marine Corps, its first new-build US Navy ship contract since acquiring Philly Shipyard in 2024.
The company is also developing US facilities for artillery and ammunition production.
- Who
- Hanwha’s defense companies: Hanwha Aerospace, Hanwha Ocean and Hanwha Systems.
- What
- They committed 1.506 trillion won to US subsidiaries this year to support defense and shipbuilding operations.
- When
- The commitments were made or decided on during 2026, according to the report published November 14.
- Where
- The investments are for Hanwha’s US subsidiaries and operations.
- Why
- To support local defense contracts and build up production and business operations in the United States.
This story does not have two clearly opposing sides.
Hanwha Ocean decided on four investments totaling 325 billion won in its US holding company.
Hanwha signed a contract to supply a K9 wheeled self-propelled howitzer prototype for a US Army program and began preparing a facility in Alabama.
Hanwha began developing an ammunition production hub at an Arkansas Army base and Hanwha Aerospace decided on a 168.4 billion won investment in Hanwha Defense USA.
Hanwha won a contract worth 269 million dollars to build medium landing ships for the US Navy and Marine Corps.
- Total commitments
- 1.506 trillion won
- Hanwha Aerospace
- More than 1 trillion won
- Hanwha Ocean
- 325 billion won
- Hanwha Systems
- 172.1 billion won
- Ammunition production plan
- 2.2 billion dollars over seven years
- Landing ship contract
- 269 million dollars for US Navy and Marine Corps medium landing ships