# Hanwha Defense USA Plans Philly Shipyard Control

Hanwha Defense USA plans to consolidate control of Hanwha Philly Shipyard by transferring Hanwha Systems’ 60% stake to Hanwha Defense USA Shipbuilding, a joint venture involving Hanwha Defense USA and Hanwha FutureProof; Hanwha Ocean will retain 40%. The Philadelphia yard is being positioned to serve the U.S. Navy, other federal customers, and commercial shipbuilders. The shipyard has bid to build McClung-class landing ships medium for the Navy and Marine Corps, but the signals report no award, solicitation details, transaction value, funding amount, or completion date for the ownership change.

- The planned ownership change may affect shipyard priorities and future supplier, skilled-trades, and industrial-base opportunities in Philadelphia; the signals do not establish a specific contract opportunity or award.
- Companies serving naval and commercial shipbuilding can evaluate whether their capabilities align with the yard’s stated dual-use direction and its bid for McClung-class landing ships.
- Hanwha’s reported work on National Security Multi-Mission Vessels and the Acadia vessel provides additional context on the yard’s shipbuilding activity, but no new awards or requirements for those programs are announced here.

**Jurisdictions:** federal
**Industries:** Defense & Military, Transportation
**Topics:** Physical Infrastructure
**Published:** October 29, 2026

### Government Entities
- United States Navy (U.S. Navy)
- United States Marine Corps (USMC)

### Vendors
- Hanwha Defense USA (Acquirer seeking to consolidate control of Hanwha Philly Shipyard)
- Hanwha Philly Shipyard (Shipyard whose controlling stake is being transferred)
- Hanwha Defense USA Shipbuilding (Joint venture acquiring Hanwha Systems’ 60% stake)
- Hanwha Systems (Current 60% stakeholder transferring its stake)
- Hanwha Ocean (Retaining a 40% stake in Hanwha Philly Shipyard)

### Key Quotes
> Now we are positioning the shipyard to transition to dual-use, aligning shipyard operations, workforce, and customer relations in preparation to build for the U.S. Navy, other federal agencies, and commercial customers.
> — Tom Anderson, President of U.S. shipbuilding for Hanwha Defense USA; Rear Admiral (ret.)

### Sources
- [Hanwha Switches Up Subsidiary With Controlling Stake On Philly Shipyard - Defense Daily](https://www.defensedaily.com/hanwha-switches-up-subsidiary-with-controlling-stake-on-philly-shipyard/business-financial) - Defense Daily
- [Hanwha Defense USA takes control of Philly Shipyard for U.S. Navy expansion](https://www.koreajoongangdaily.com/business/hanwha-defense-usa-to-take-control-of-philly-shipyard/12941780) - Korea JoongAng Daily
- [Hanwha Defense USA announces plans to acquire Hanwha Philly Shipyard | WorkBoat](https://www.workboat.com/hanwha-defense-usa-announces-plans-to-acquire-hanwha-philly-shipyard) - WorkBoat