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Hanwha wins first US Navy shipbuilding contract in $269 million deal

Started 31 Oct, 03:03 1 events Updated 5d ago
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  1. Economic31 Oct, 03:03

    Hanwha wins first US Navy shipbuilding contract in $269 million deal

    Hanwha Defense USA, the US subsidiary of Hanwha Aerospace, has secured a $269 million deal to construct a medium landing ship for the US Navy and Marine Corps at its Philly shipyard, marking a major step in South Korean defense group's push into the American naval shipbuilding market. The company said Friday it was selected by US maritime services company Tote Services to build one medium landing ship, or LSM, with options for three additional vessels. The contract marks Hanwha Group’s first ord

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