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Hanwha’s Philly Shipyard capable of building nuclear submarine for US Navy

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South Korea has pledged US$150 billion to US shipbuilding to lower auto tariffs from 25% to 15% in last month’s trade deal.

SEOUL: Hanwha’s Philly Shipyard has the capability of building a nuclear-powered submarine for the US Navy, said Alex Wong, global chief strategy officer at Hanwha Group, according to a statement from the South Korean company on Thursday.

“The US government’s commitment to nuclear-powered submarine capability, its own and that of the allies, is very strong,” Wong said during Hanwha’s media day at the shipyard in Philadelphia on Monday. “We stand ready to fulfil the ability to build those submarines here in Philly when the governments are ready.”

South Korea’s shipbuilders are betting big on President Donald Trump’s ambition to revive the struggling US shipbuilding industry.

Tags:defense contractsHanwha submarinesKorean investmentnaval expansionnuclear submarinesPhilly ShipyardShipyard jobsTrump shipbuildingUS navyVirginia-class


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