Defense Business and Industry

Hanwha to build nuclear submarines, bolstering U.S. naval capabilities.

Hanwha Group’s Philly Shipyard is set to play a crucial role in the construction of nuclear-powered submarines for the U.S. Navy, signaling a strategic alignment with U.S. defense initiatives. This move is part of a broader effort by South Korea to support U.S. shipbuilding, highlighted by a recent trade agreement promising a $150 billion investment and reduced tariffs on Korean car imports. Hanwha plans to enhance its capabilities by recruiting experts in Virginia-class submarine design and expanding its facilities, underscoring its ambitions in the naval defense sector. This development reflects significant cooperation in defense manufacturing and strengthens the U.S.-South Korea alliance amidst evolving geopolitical dynamics.

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