Hanwha Philly Shipyard will lease about 47 additional acres at the Philadelphia Navy Yard as it proceeds with its previously announced $5 billion infrastructure program.
Hanwha outlined plans to expand U.S. Navy shipbuilding at Hanwha Philly Shipyard as Acting Navy Secretary Hung Cao visited the Philadelphia facility to discuss investment and workforce growth.
JPMorganChase has committed $24 million to Philadelphia shipbuilding, supporting a submarine facility, workforce training, small business lending and up to 100 maritime suppliers.
Hanwha Philly Shipyard plans to hire up to 10,000 workers over five years to expand US shipbuilding capacity.
Hanwha Group is expanding hiring and upgrading Hanwha Philly Shipyard as “Golden Fleet” shipbuilding plans advance, positioning the yard for potential US naval workshare and future platform cooperation.
