An American Airlines level supra Hanwha signage astatine the Hanwha Philly Shipyard successful Philadelphia, Pennsylvania, U.S., connected Tuesday, Aug. 26, 2025.
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Hanwha's Philly Shipyard has the capableness of gathering a nuclear-powered submarine for the U.S. Navy, said Alex Wong, planetary main strategy serviceman astatine Hanwha Group, according to a connection from the South Korean institution connected Thursday.
"The U.S. government's committedness to nuclear-powered submarine capability, its ain and of the allies is precise strong," Wong said during the Hanwha's media time astatine the shipyard successful Philadelphia connected Monday. "We basal acceptable to fulfil the quality to physique those submarines present successful Philly erstwhile the governments are ready."
South Korea's shipbuilders are betting large connected President Donald Trump's ambition to revive the struggling U.S. shipbuilding industry. Seoul pledged to put $150 billion in the U.S. shipbuilding assemblage successful a commercialized woody signed past period to little the U.S. tariffs connected imports of Korean automobiles to 15% from 25%.
Trump told a property league connected Monday that Hanwha would participate in gathering frigates for the U.S. Navy. He called Hanwha "a bully company", referring to its planned $5 cardinal expansion in the Philly Shipyard, which it bought successful 2024 for $100 million.
The institution is hiring endowment with expertise successful a Virginia-class submarine, executives said, arsenic they spot beardown involvement from Washington successful expanding the U.S. submarine concern basal for specified designs.
Hanwha is besides successful talks with imaginable partners to bargain onshore oregon an further dock for the expansion, said Jongwoo Cho, caput of shipyard operations astatine the Hanwha Philly Shipyard, without elaborating.
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