Hanwha Defense USA to take control of Hanwha Philly Shipyard

Hanwha Defense USA (HDUSA) is moving to acquire a controlling stake in Hanwha Philly Shipyard, bringing the shipyard under HDUSA’s leadership and governance structure.

HDUSA established a presence at Hanwha Philly Shipyard earlier this year, signalling the company’s transition into a dual-use shipyard serving both the U.S. Navy and commercial customers.

From the time Hanwha acquired the shipyard in late 2024, Hanwha Systems held a 60% stake, while Hanwha Ocean held a 40% stake.

In September, Hanwha Systems announced it would sell its stake to Hanwha Defense USA Shipbuilding LLC, an HDUSA-led joint venture with Hanwha FutureProof.

This story was originally published by Shipping Telegraph. Read the full story at Shipping Telegraph →