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flag Hanwha Ocean targets $2.91 billion in overseas military vessel revenue by 2030, focusing on US Navy contracts.

flag South Korea's Hanwha Ocean aims to increase its overseas military vessel revenue to $2.91 billion by 2030, focusing on US Navy repair orders. flag The company, with a current backlog of $31.43 billion, is investing in expanding its shipbuilding capacity. flag The US is looking to bolster its shipbuilding industry and has shown interest in partnering with South Korea. flag However, challenges like outdated infrastructure and political concerns remain obstacles.

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