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Society · South Korea

Hanwha Defense USA to take control of Philly Shipyard in internal restructuring

Outlet: The Korea Herald · The Korea Herald · Published 28/10/2026 00:27 UTC

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Hanwha Defense USA said Tuesday it will acquire a controlling stake in Hanwha Philly Shipyard, part of a broader internal restructuring aimed at strengthening the South Korean conglomerate's US naval shipbuilding operations. Under a restructuring plan announced in September, Hanwha Systems Co. will sell its 60 percent stake in the shipyard to Hanwha Defense USA Shipbuilding LLC, a joint venture involving HDUSA and Hanwha FutureProof. Hanwha Ocean Co. will retain its 40 percent stake. HDUSA said

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Capture record

Source
https://www.koreaherald.com/article/10917118
Published
28/10/2026 00:27 UTC
Captured
28/10/2026 00:39 UTC
Text fingerprint
0a2cd7d51cf8207d · 214 words
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