Hanwha Philly Shipyard
Jones Act commercial shipyard acquired by Hanwha Group (Hanwha Ocean + Hanwha Systems) for $100M in Dec 2024; builder of the NSMV program with TOTE Services and, as of July 2026, jointly selected with TOTE to build the Missile Defense Agency's Missile Range Instrumentation Vessels.
Operating in Philadelphia's historic Navy Yard for nearly 30 years, the shipyard has delivered close to half of all large, oceangoing Jones Act vessels built in the US since 2000. Hanwha Systems and Hanwha Ocean — units of the South Korean Hanwha Group, founded in 1952 — completed their $100M acquisition in December 2024. The yard is building five National Security Multi-Mission Vessels for TOTE Services (three delivered, including the State of Maine) and three Aloha Class containerships for Matson, due 2027-2028, alongside other Jones Act-compliant commercial vessels. Hanwha has said it plans to grow the yard's workforce from roughly 2,000 toward 10,000 employees.
Overview
- Headquarters
- Philadelphia, Pennsylvania, USA
- Founded
- 1997
- Employees
- 2,000+ (plans to quadruple to ~10,000)
- Total funding
- Stage
- Status
- active
- Domains
- naval-shipbuilding, commercial-shipbuilding
- Website
- www.hanwhaphillyshipyard.com
Founders0
No linked records yet.
Investors0
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Cap table0
Approximate ownership by holder. Indexed holders link to their records.
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Programs0
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Frequently asked
- What does Hanwha Philly Shipyard do?
- Operating in Philadelphia's historic Navy Yard for nearly 30 years, the shipyard has delivered close to half of all large, oceangoing Jones Act vessels built in the US since 2000. Hanwha Systems and Hanwha Ocean — units of the South Korean Hanwha Group, founded in 1952 — completed their $100M acquisition in December 2024. The yard is building five National Security Multi-Mission Vessels for TOTE Services (three delivered, including the State of Maine) and three Aloha Class containerships for Matson, due 2027-2028, alongside other Jones Act-compliant commercial vessels. Hanwha has said it plans to grow the yard's workforce from roughly 2,000 toward 10,000 employees.
- Where is Hanwha Philly Shipyard headquartered?
- Hanwha Philly Shipyard is headquartered in Philadelphia, Pennsylvania, USA and was founded in 1997.
- What does Hanwha Philly Shipyard specialize in?
- Hanwha Philly Shipyard works across naval-shipbuilding, commercial-shipbuilding.
- Does Hanwha Philly Shipyard hold government contracts?
- Defense Tech Atlas links Hanwha Philly Shipyard to 1 government contract.
Sources & citations2
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Hanwha Philly Shipyard, acquired by Hanwha Group for $100M (closed Dec 2024), was jointly selected with TOTE Services to build the Missile Defense Agency's Missile Range Instrumentation Vessels, the first named 'Golden Defender'
USNI News: Philly Shipyard to Build 'Golden Defender' Ship as Part of New Missile Defense ProgramVerified2026-07-17 - 2
Hanwha Philly Shipyard has operated in Philadelphia's Navy Yard for nearly 30 years and, since 2000, has delivered nearly half of all large, oceangoing Jones Act vessels built in the US; Hanwha Systems and Hanwha Ocean completed their acquisition in Dec 2024; the shipyard is building 5 National Security Multi-Mission Vessels for TOTE Services (3 delivered, including the State of Maine) and 3 Aloha Class containerships for Matson (delivery 2027-2028)
Hanwha Philly Shipyard: Company overviewVerified2026-07-20