Business · Companies · 3 hrs ago
Hanwha wins $269 million contract to build US Navy landing ship
Hanwha Defense USA won a $269 million contract to build a medium landing ship for the US Navy and Marine Corps.
The South Korean Hanwha Aerospace subsidiary was chosen by US maritime services firm Tote Services through a competitive process.
The ship will be built at Hanwha Philly Shipyard in Philadelphia, and the contract allows for three additional ships.
Medium landing ships carry Marine troops and equipment to shore and island areas.
The Navy and Marine Corps plan a 35-ship fleet, making the contract part of a much larger shipbuilding program.
It is Hanwha Defense USA’s first US Navy shipbuilding contract and supports Hanwha’s efforts to expand in the US shipbuilding industry.
Construction is scheduled to start in the fourth quarter of 2027, and the program’s first ship is expected to be delivered in 2030.
Hanwha Defense USA won a US Navy contract to build a medium landing ship for the Navy and Marine Corps.
The contract is worth $269 million, about 360 billion won, and covers one ship.
Construction is scheduled to begin in the fourth quarter of 2027 at Hanwha Philly Shipyard in Philadelphia.
The deal includes options to build three more ships.
It is Hanwha’s first contract to build a new US Navy vessel since acquiring Philly Shipyard in 2024.
- Who
- Hanwha Defense USA won the contract from the US Navy.
- What
- It will build one medium landing ship for the US Navy and Marine Corps. The contract includes options for three more.
- When
- The contract was announced on October 30, 2026. Construction is scheduled to start in the fourth quarter of 2027.
- Where
- Hanwha Philly Shipyard in Philadelphia, Pennsylvania.
- Why
- The ship is intended to transport Marine Corps personnel and equipment to coastal and island areas.
This story does not have two clearly opposing sides.
Hanwha acquired Philly Shipyard.
Hanwha Defense USA announced it had won the contract to build a medium landing ship.
Construction of the first ship is scheduled to begin at Philly Shipyard.
The first ship in the US Navy and Marine Corps’ overall medium landing ship program is scheduled for delivery.
- Contract value
- $269 million, about 360 billion won
- Initial order
- One medium landing ship
- Additional options
- Three more ships
- Shipyard
- Hanwha Philly Shipyard, Philadelphia, Pennsylvania
- Fleet plan
- The Navy and Marine Corps plan to acquire 35 medium landing ships
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What people are saying
We have made significant investments in personnel and technology for building ships for the US Navy and federal government since acquiring Philly Shipyard.
We will do our best to deliver the ship on schedule and within budget.
This award is an important investment in the US Navy and an opportunity to expand Hanwha Philly Shipyard’s shipbuilding capabilities.