“Hanwha Ocean shares jump 10% after Trump says South Korean firm to build warships for U.S. Navy”
January 6, 2026
“Trump said that the warships will be built at the Hanwha Philly Shipyard in Philadelphia, acquired by the South Korean company in 2024.
Hanwha has pledged to invest $5 billion in the shipyard as part of South Korea’s $150 billion shipbuilding pledge.
Last week, the U.S. Navy announced the FF(X) class of ships as part of Trump’s “Golden Fleet.”
Trump also announced the U.S. Navy will build new two “Trump-class” battleships, which will be “the fastest, the biggest, and by far, 100 times more powerful than any battleship ever built.”…”