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05.11.24 - 01:19
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Philly Shipyard′s Transformation: How Hanwha′s Investment Is Driving U.S. Navy Readiness (ZeroHedge)
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Philly Shipyard's Transformation: How Hanwha's Investment Is Driving U.S. Navy Readiness
By Wilson Beaver of Heritage.org
Earlier this year, Hanwha Ocean Company bought Philly Shipyard for $100 million. Though it was met with little fanfare from the public at the time, the investment was a big deal in the Navy.
The Independence-class littoral combat ship USS Mobile (LCS 26) comes alongside the Nimitz-class aircraft carrier USS Theodore Roosevelt (CVN 71) for a fueling-at-sea, Oct. 1, 2024
It came after requests from American defense experts and government officials for shipbuilders from allied countries to invest into the worn down, depleted, and inefficient mess that is the US shipbuilding industry. Navy Secretary Carlos Del Toro even called the deal, “a game-changing milestone” for America's “Maritime Statecraft.”
Now, the new partnership is paying dividends, for Hanwha, Philadelphia, and the United States. In late August, Hanwha secured an annual Navy maintenance, repair, and...
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