Hanwha Defense USA to Take Control of Hanwha Philly Shipyard in Bid to Build U.S. Navy Ships

Hanwha Defense USA will acquire control of Hanwha Philly Shipyard through an internal restructuring designed to align American commercial and government shipbuilding activities. Hanwha Systems will transfer its 60 percent stake to Hanwha Defense USA Shipbuilding LLC, a joint venture involving HDUSA and Hanwha FutureProof, while Hanwha Ocean retains 40 percent. The Philadelphia facility is being positioned as a dual-use yard serving the US Navy, other federal agencies and commercial customers. Announced on October 27, the change reallocates ownership within Hanwha rather than acquiring a new yard, and does not itself constitute a Navy vessel-construction award.