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flag Hanwha’s Philly shipyard says it can build U.S. nuclear subs, after a $100M purchase and $5B expansion plan.

flag Hanwha’s Philadelphia shipyard says it has the capability to build nuclear-powered submarines for the U.S. Navy, according to Hanwha Group’s global chief strategy officer Alex Wong. flag The company, which acquired the shipyard in 2024 for $100 million, is planning a $5 billion expansion and actively recruiting experts with Virginia-class submarine experience. flag While currently building frigates for the Navy, Hanwha says it’s prepared to support U.S. nuclear submarine production if the government decides to proceed. flag The announcement follows a trade agreement that reduced South Korean auto tariffs in exchange for a $150 billion investment pledge in U.S. shipbuilding.

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