Hanwha Defense USA to take control of Philly Shipyard in internal restructuring
WASHINGTON — Hanwha Defense USA (HDUSA) said Tuesday it will acquire a controlling stake in Hanwha Philly Shipyard, part of a broader internal restructuring aimed at strengthening the South Korean conglomerate's U.S. naval shipbuilding operations. Under a restructuring plan announced in September, Hanwha Systems Co. will sell its 60 percent stake in the shipyard to Hanwha Defense USA Shipbuilding…
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