Hanwha Philly Shipyard secures first US Navy shipbuilding contract

Hanwha Defense USA has secured its first US Navy shipbuilding contract after being selected by TOTE Services to construct a Medium Landing Ship (LSM) at Hanwha Philly Shipyard.

The initial contract is valued at US$269 million and covers one vessel, with options for three additional ships. The agreement marks an important step in Hanwha’s expansion into US naval shipbuilding.

The selection was announced by TOTE Services on 30 October 2026 and confirmed by Hanwha on 2 November.

Construction of the first LSM is expected to begin during the fourth quarter of 2027 at Hanwha’s Philadelphia facility.

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