Hanwha Defense USA has signed a 269 million dollar contract with Tote Services to build a medium landing ship for the US Navy, Reuters reported. The vessel is 2,687 tons and 100 metres long and is to be used for operations in disputed waters, including in the Indo-Pacific region, Hanwha said in a statement. The ship is to be built at the Philly Shipyard in the United States, the first order since Hanwha acquired the facility in December 2024, and the report gives no delivery timeline.
Hanwha wins $269 million US Navy shipbuilding contract
Hanwha Defense USA has signed a 269 million dollar contract with Tote Services to build a medium landing ship for the US Navy at the Philly Shipyard.
Why it matters: The contract is the first order at the Philadelphia yard since Hanwha acquired it in December 2024, and it puts a South Korean owned American yard inside the US Navy build programme.
Data as of Reuters report published by Investing.com on October 31, 2026 and read in full in this run via the live browser. The report states the vessel at 2,687 tons and 100 metres and gives no delivery timeline. Single source at judgment time, so the item ships at grade C. Developing item. Corrected 2026-10-31T23:02:14-04:00: an earlier version of this item named the wrong Hanwha entity and the wrong contracting party; it has been corrected to the Reuters report's own wording.
Sources
- Hanwha signs $269 million shipbuilding contract for US Navy - Reuters, via Investing.com - 2026-10-31