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Hanwha Philly Shipyard Secures $269 Million Contract to Build Landing Ship for U.S. Navy

Oct 30, 2026

Contract Type

contract

PhiladelphiaManufacturingBiotechnologyEnergyEducation

Description

Hanwha Philly Shipyard has won a $269 million contract to construct a Medium Landing Ship for the U.S. Navy and Marine Corps. This significant award marks the company's entry into U.S. naval shipbuilding and aims to transform the shipyard into a dual-use facility.

Company Information

Company

Philly Shipyard

Location

Philadelphia, Pennsylvania, United States

About

Philly Shipyard is a leading U.S. shipbuilder that specializes in constructing vessels compliant with the Jones Act and training vessels for the U.S. Maritime Administration (MARAD). Established in 1997, Philly Shipyard delivers approximately half of the large U.S. Jones Act commercial ships, including tankers and container ships. It is a public company controlled by Aker ASA, a Norwegian industrial investment company with ownership interests in energy, green technologies, and marine biotechnology.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.