An American Airways aircraft above Hanwha signage on the Hanwha Philly Shipyard in Philadelphia, Pennsylvania, U.S., on Tuesday, Aug. 26, 2025.
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Hanwha’s Philly Shipyard has the aptitude of constructing a nuclear-powered submarine for the U.S. Navy, stated Alex Wong, world chief technique officer at Hanwha Group, in accordance with an announcement from the South Korean firm on Thursday.
“The U.S. authorities’s dedication to nuclear-powered submarine functionality, its personal and of the allies may be very robust,” Wong stated through the Hanwha’s media day on the shipyard in Philadelphia on Monday. “We stand able to fulfil the flexibility to construct these submarines right here in Philly when the governments are prepared.”
South Korea’s shipbuilders are betting large on President Donald Trump’s ambition to revive the struggling U.S. shipbuilding business. Seoul pledged to take a position $150 billion within the U.S. shipbuilding sector in a commerce deal signed final month to decrease the U.S. tariffs on imports of Korean cars to fifteen% from 25%.
Trump instructed a press convention on Monday that Hanwha would take part in constructing frigates for the U.S. Navy. He known as Hanwha “a superb firm”, referring to its deliberate $5 billion growth within the Philly Shipyard, which it purchased in 2024 for $100 million.
The corporate is hiring expertise with experience in a Virginia-class submarine, executives stated, as they see robust curiosity from Washington in increasing the U.S. submarine industrial base for such designs.
Hanwha can also be in talks with potential companions to purchase land or an extra dock for the growth, stated Jongwoo Cho, head of shipyard operations on the Hanwha Philly Shipyard, with out elaborating.
