Hanwha Group’s global chief strategy officer Alex Wong recently said the company’s Philly Shipyard is capable of building a nuclear-powered submarine for the U.S. Navy, writes Heejin Kim for Reuters.
“The U.S. government’s commitment to nuclear-powered submarine capability, its own and of the allies is very strong,” said Wong during Hanwha’s recent media day at the shipyard in Philadelphia in late December. “We stand ready to fulfill the ability to build those submarines here in Philly when the governments are ready.”
South Korea shipbuilders are looking to capitalize on President Donald Trump’s effort to revive the struggling U.S. shipbuilding industry, as Seoul pledged $150 billion in U.S. shipbuilding investments last month through a trade deal that reduced tariffs on Korean automobile imports from 25 percent to 15 percent.
During a press conference last Monday, Trump said Hanwha would take part in building frigates for the U.S. Navy, calling it “a good company” while referring to its planned $5 billion investment to expand the Philly Shipyard, which it acquired in 2024 for $100 million.
The company is actively recruiting talent with experience related to Virginia-class submarines.
Read more about Hanwha’s Philly Shipyard and its nuclear-powered submarine building capabilities in Reuters.
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