Hanwha Defense USA to take controlling stake in Philly Shipyard – Defensehere

Hanwha Defense USA to take controlling stake in Philly Shipyard  Defensehere

According to Hanwha, Hanwha Defense USA (HDUSA) has announced plans to acquire a controlling stake in Hanwha Philly Shipyard, bringing the facility under its According to Hanwha, Hanwha Defense USA (HDUSA) has announced plans to acquire a controlling stake in Hanwha Philly Shipyard, bringing the facility under its management and governance structure. The move follows an earlier plan to transfer Hanwha Systems’ 60% stake to an HDUSA-led joint venture and is intended to support the shipyard’s transition to building vessels for both the U.S. Navy and commercial customers. Hanwha Defense USA (HDUSA) announced it is acquiring a controlling stake in Hanwha Philly Shipyard, bringing the shipyard under HDUSA’s leadership and governance structure and strengthening its presence in the U.S.

shipbuilding and defense market. The announcement follows HDUSA establishing a presence at the shipyard earlier this year to transition it into a dual-use yard building for the U.S. Navy and commercial customers. Since Hanwha acquired the shipyard in December 2024, Hanwha Systems has held a 60% stake, with Hanwha Ocean holding the remaining 40%. In September, Hanwha Systems announced plans to sell its stake to Hanwha Defense USA Shipbuilding LLC, an HDUSA-led joint venture with Hanwha FutureProof. HDUSA President of U.S. Shipbuilding RADM Tom Anderson (Ret. U.S. Navy) will oversee all shipbuilding operations in the U.S. “As Hanwha Defense USA continues