Key facts
- Hanwha Defense USA secured a $269 million contract for a medium landing ship.
- The contract includes options for three additional vessels.
- Construction is scheduled to begin in the fourth quarter of 2027.
- The first vessel is expected to be delivered in 2030.
Hanwha Defense USA (HDUSA), a subsidiary of South Korea's Hanwha Aerospace Co., has won a $269 million contract to build a medium landing ship (LSM) for the U.S. Navy and Marine Corps. The company announced Thursday that it was selected by U.S. maritime services firm Tote Services to construct one LSM at its Philadelphia facility, with options for three more. This marks HDUSA's first U.S. Navy shipbuilding contract. Construction is slated to begin in the fourth quarter of 2027, with the first vessel expected in 2030. HDUSA is also in the process of acquiring a controlling stake in Hanwha Philly Shipyard, which Hanwha purchased in 2024.