SEOUL—Hanwha’s Philly Shipyard has the capability of building a nuclear-powered submarine for the U.S. Navy, said Alex Wong, global chief strategy officer at Hanwha Group, according to a statement from the South Korean company on Thursday.
“The U.S. government’s commitment to nuclear-powered submarine capability, its own and of the allies is very strong,” Wong said during the Hanwha’s media day at the shipyard in Philadelphia on Monday. “We stand ready to fulfil the ability to build those submarines here in Philly when the governments are ready.”
South Korea’s shipbuilders are betting big on President Donald Trump’s ambition to revive the struggling U.S. shipbuilding industry. Seoul pledged to invest $150 billion in the U.S. shipbuilding sector in a trade deal signed last month to lower the U.S. tariffs on imports of Korean automobiles to 15 percent from 25 percent….
Hanwha’s Philly Shipyard Can Build Nuclear Submarine for US Navy, Executive Says
