Hanwha Defense USA to take control of Philly Shipyard in internal restructuring

Hanwha Defense USA announced it will assume control of Philly Shipyard as part of an internal restructuring, consolidating U.S. shipbuilding assets under its defense arm. The move signals Hanwha's strategic push into U.S. naval shipbuilding, likely to support future defense contracts. Details on operational changes and investment remain unclear.

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