# Hanwha Defense USA to acquire control of Philly Shipyard The planned transfer from Hanwha Systems would shift control of the Hanwha-owned yard to the defense unit already sharing a Navy design project with it. Published 2026-10-28 by TGOs. Canonical: https://tgos.io/news/2026/10/28/hanwha-defense-usa-to-acquire-control-of-philly-shipyard/ Hanwha Defense USA (HDUSA) announced Oct. 27 that it is acquiring a controlling stake in Hanwha Philly Shipyard, bringing the yard under its leadership and governance.[1] HDUSA is a subsidiary of Hanwha Aerospace.[1] The transfer would change which Hanwha business controls the yard.[1] HDUSA established a presence there earlier this year to prepare the yard to build for Navy and commercial customers.[1] HDUSA President of U.S. Shipbuilding Tom Anderson will oversee the company's U.S. shipbuilding operations.[1] Anderson said the company is aligning the yard's operations, workforce and customer relations in preparation to build for the Navy, other federal agencies and commercial customers.[1] Hanwha acquired the yard in December 2024.[1] Since then, Hanwha Systems has held 60% and Hanwha Ocean 40%.[1] In September, Hanwha Systems announced plans to sell its stake to Hanwha Defense USA Shipbuilding LLC, an HDUSA-led joint venture with Hanwha FutureProof.[1] The Oct. 27 announcement gives no purchase price or closing date.[1] The yard has delivered four National Security Multi-Mission Vessels to the U.S. Maritime Administration, Hanwha reported in September, with the fifth scheduled for delivery next year.[3] ## Why it matters HDUSA would gain control of a yard it already works alongside on a Navy design project.[1][2] In March, the two announced they had been awarded work as a subcontractor to Vard Marine US on the Navy's Next Generation Logistics Ship program.[2] That work covers a market survey and concept design and refinement, with options for functional design planning and special studies; building Navy ships remains Hanwha's stated goal.[1][2] ## Sources 1. Hanwha Defense USA to Acquire Hanwha Philly Shipyard (Oct. 27, 2026) 2. Hanwha Defense USA and Hanwha Philly Shipyard Awarded First U.S. Navy Subcontract (March 30, 2026) 3. Acting Secretary of the Navy Hung Cao Tours Hanwha Philly Shipyard (Sept. 9, 2026)