Senator Mccormick Congratulates Hanwha Philly Shipyard on $269 Million U.S. Navy Shipbuilding Contract

WASHINGTON – U.S. Senator Dave McCormick (R-PA) today congratulated Hanwha Defense USA and Hanwha Philly Shipyard on their selection by TOTE Services to build a Medium Landing Ship (LSM) for the U.S. Navy and Marine Corps in Philadelphia. The $269 million contract marks Hanwha’s first U.S. Navy shipbuilding order and includes options for three additional vessels. “Pennsylvania is leading the way as we rebuild American shipbuilding, bringing jobs, manufacturing, and opportunity back to our state,” said Senator McCormick . “Hanwha’s continued commitment to Philadelphia shows what is possible when we invest in American workers and American industry.” Earlier this month, Senator McCormick traveled to South Korea, where he toured Hanwha Ocean’s shipyard in Geoje to see firsthand its advanced shipbuilding infrastructure and manufacturing capabilities. During the trip, McCormick met with Senior Vice Chairman of Hanwha Group Kim Dong-Kwan to discuss further investment opportunities in U.S. shipbuilding. He also met with South Korean government leaders to discuss expanding U.S.-Korea cooperation on shipbuilding, defense manufacturing, technology, and investment in the United States. McCormick highlighted Hanwha’s planned $5 billion investment in Philadelphia as an example of how cooperation with close U.S. allies can help rebuild America’s shipbuilding capacity and strengthen its defense industrial base. Hanwha announced the $5 billion infrastructure plan for its Philadelphia shipyard in 2025. Hanwha has made significant investments in the Philadelphia shipyard since acquiring it in 2024, with plans to dramatically expand the facility’s shipbuilding capacity. Under the newly announced contract, construction of the LSM is expected to begin in the fourth quarter of 2027. ###