Hanwha Philly Shipyard wins $269 million US Navy landing ship contract

· Shipping · United States · South Korea

Hanwha Philly Shipyard has secured a $269 million contract to build a Medium Landing Ship (LSM) for the US Navy and Marine Corps. gCaptain describes the award as a major milestone for the South Korean group's US yard, which Hanwha acquired as part of its push into American naval and commercial shipbuilding. The item gives no delivery schedule, ship count or further programme detail beyond the contract value and vessel type. The award matters because it puts a foreign-owned yard into a US Navy landing-ship programme, a segment where US yards have faced capacity constraints, and signals that Hanwha's US footprint is converting into naval orders.

Why it matters：Foreign-owned yards winning US Navy work could reshape naval shipbuilding capacity and supply chains, and sets a benchmark for other overseas groups eyeing American military orders.

Key points

  • The contract covers a Medium Landing Ship for the Navy and Marine Corps.
  • Hanwha Philly Shipyard is part of South Korea's Hanwha group.
  • The item did not disclose delivery timing or further programme details.

Sources (original reporting)

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