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Hanwha Defense USA acquires controlling stake in Philly shipyard

Hanwha Defense USA is buying a controlling stake in Hanwha Philly Shipyard to strengthen its U.S. shipbuilding and defense footprint.

Published Oct 29, 2026, 3:11 PM EDT | LehighValleyLive

Hanwha Defense USA announced it is acquiring a controlling stake in Hanwha Philly Shipyard, consolidating operations under its leadership as part of a strategy to strengthen its position in the U.S. shipbuilding and defense market.