Hanwha to Acquire Philly Shipyard
Hanwha Systems, a global leader in defense electronics and IT technologies, and Hanwha Ocean, one of the world's leading shipbuilders, today announced the acquisition of Philly Shipyard, a leading U.S. shipbuilder that has delivered approximately half of the large U.S. Jones Act commercial ships in the United States since 2000. Hanwha Systems and Hanwha Ocean will together invest $100 million to acquire Philly Shipyard, in furtherance of their strategies to expand their global defense and shipbu