Story perspectives
Hanwha Ocean Seeks Extra Pentagon Contracts in Philadelphia
By Drooid · · How we work
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Story summary
- Hanwha Ocean is seeking extra Pentagon contracts at its Philadelphia shipyard.
- President Donald Trump urged a “Maritime Golden Age” by expanding U.S. shipbuilding capacity.
- Hanwha Ocean bought the Philadelphia shipyard in December 2024.
- South Korea pledged $150 billion to improve U.S. shipbuilding under last year’s trade deal with Trump.
- Hanwha Ocean approved an additional $400 million of investment through the end of next year.