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Hanwha Defense wins $269M US Navy shipbuilding contract

Hanwha Defense USA (HDUSA), a subsidiary of Hanwha Aerospace, has secured a $269 million contract to build a medium landing ship (LSM) for the U.S. Navy and Marine Corps, marking its first vessel-building contract for the U.S. Navy since acquiring the Philly Shipyard in 2024. Yonhap reports the deal was announced on Oct. 30, with KBS World noting it was confirmed Friday local time. The contract follows HDUSA's recent move to take control of Hanwha Philly Shipyard in an internal restructuring, as reported by the Korea Times and Yonhap on Oct. 27-28. Korean media frame this as a milestone for the country's defense industry, with Business Korea separately noting Korean shipyards have won maintenance contracts for at least six U.S. Navy cargo ships over the past two years. Korean reactions, as reflected in business outlets, emphasize the strategic expansion of Korean defense firms into the U.S. naval market, though no direct blog or café commentary is available in the supplied documents.

  1. Hanwha Defense USA wins $269 mil. US Navy shipbuilding contract Korea Times · 2026-10-31
  2. Hanwha Defense USA Wins First Contract to Build Vessel for US Navy KBS World · 2026-10-31
  3. Hanwha Defense USA wins US$269 mln U.S. Navy shipbuilding contract Yonhap · 2026-10-30
  4. Hanwha Defense USA to take control of Philly Shipyard in internal restructuring Korea Times · 2026-10-28
  5. Hanwha Defense USA to take control of Philly Shipyard in internal restructuring Yonhap · 2026-10-27
  6. Korean Shipyards Win Six U.S. Navy Cargo Contracts Business Korea · 2026-10-30

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