Hanwha seeks to build nuclear sub in Philadelphia for US Navy

Hanwha Group has expressed its intent to build nuclear-powered submarines for the U.S. Navy at its shipyard in Philadelphia, calling the facility the ideal location to accelerate the ongoing construction of Virginia-class submarines. During a press conference Monday (local time) at Hanwha Philly Shipyard, the Korean conglomerate said workforce reinforcement, productivity improvement, facility investment and technology transfer are underway to prepare for U.S. Navy submarine construction. The press conference came just hours before U.S. President Donald Trump mentioned Hanwha as the company that would work with the U.S. Navy to build new frigates. He described Hanwha as “a good company,” referring to its planned $5 billion expansion at the shipyard, which it bought for $100 million a year ago. "The U.S. government's commitment to nuclear-powered submarine capability, its own and of the allies is very strong," Hanwha Group Chief Strategy Officer Alex Wong, a former U.S. deputy national security adviser, said at the press conference. "We stand ready to fulfill the ability to build those